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Welsh taxes outlook – February 2024

We have published an update to the Welsh taxes outlook (WTO) with new forecasts for land transaction tax and landfill disposals tax receipts, including evaluations of our previous forecasts including for the Welsh rates of income tax. The report is available in English and Welsh language. Welsh taxes outlook Rhagolwg trethi Cymreig

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Two new articles on the economic impacts of Autumn Statement 2023 policies

In our November 2023 Economic and fiscal outlook (EFO), we analysed the economic impacts of the Government’s cuts to NICs and allowing full expensing of some business investments. We have published two papers providing further detail on the modelling behind our analysis below and on the November 2023 EFO page.

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March 2024 forecast timetable and details regarding the upcoming EFO

Forecast timetable On 27 December 2023 the Chancellor announced that the Spring Budget 2024 will be held on Wednesday 6 March and commissioned us to publish our latest outlook for the economy and public finances that day. We have now agreed the timetable for the forecast process and published the detail below. Update on 23…

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Supplementary forecast information on WCA reforms

Since the publication of our November 2023 Economic and fiscal outlook (EFO) we have received requests for information on our estimates of the number of individuals whose conditionality group will be different as a result of the work capability assessment (WCA) reforms. We have published this new supplementary forecast information below and on the November…

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Spring 2024 forecast date announced

The Chancellor has announced that the Spring Budget will take place on Wednesday 6 March 2024. Our latest outlook for the economy and public finances will be released on the same day. Economic and fiscal outlooks

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Supplementary forecast information on our deposit rate forecast

Since the publication of our November 2023 Economic and fiscal outlook (EFO) we have received requests for further information on our deposit rate forecast. We have published this new supplementary forecast information below and on the November 2023 EFO page.

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Welsh taxes outlook – December 2023

We have published our forecasts for devolved Welsh taxes in our 2023 Welsh taxes outlook (WTO).  The report is available in English and Welsh language. Welsh taxes outlook – December 2023 Rhagolwg trethi Cymreig – Rhagfyr 2023