"It is the duty of the Office to examine and report on the sustainability of the public finances"
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…
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…
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
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.
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
The Chair of the OBR has written to the Editor of the Sunday Telegraph regarding an article about a member of OBR staff that appeared in their 17 December edition. We have published this letter below.
Since the publication of our November 2023 Economic and fiscal outlook (EFO) we have received requests for further information on our electricity price forecast, National Living Wage assumptions and additional taxpayers by tax rate band. We have published this new supplementary forecast information below and on the November 2023 EFO page.
Richard Hughes distils the key messages from our latest Economic and fiscal outlook in his press conference presentation and accompanying speaking note.
The ONS release this morning shows borrowing in the first six months of 2023-24 totalled £81.7 billion, £15.3 billion above the same period last year but £19.8 billion below the monthly profile consistent with our March forecast. The downside surprise is more than explained by higher central government receipts (£14.7 billion above profile), reflecting stronger…
On 5 September the Chancellor announced that the Autumn Statement 2023 will be held on Wednesday 22 November 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.