"It is the duty of the Office to examine and report on the sustainability of the public finances"
We have published our latest long-term assumptions, consistent with the forecast in our March 2023 Economic and fiscal outlook (EFO). These economic determinants that underpin our long-term fiscal projections are used by organisations inside and outside government to inform their own long-term modelling.
Several of the UK’s tax bases are directly linked to activities that generate greenhouse gas emissions, with others indirectly linked. So as emissions fall as the UK transitions to net zero, receipts generated from these emissions-linked taxes will be affected. In this working paper, we conduct an initial, high-level analysis to explore the proportion of…
Since the publication of our March 2021 Economic and fiscal outlook we have received a request for further detail on our betting and gaming duties forecast. We have published this new supplementary forecast information below and on the March 2021 EFO page. We have also published updated monthly profiles below and on our monthly commentary…
Since the publication of our March 2021 Economic and fiscal outlook we have received a request for further detail on the ‘state pensions underpayment correction’ measure. We have published this new supplementary forecast information below and on the March 2021 EFO page.
Since the publication of our March 2021 Economic and fiscal outlook we have received a number of requests for further detail on our corporation tax, fuel duty, CJRS and EU financial settlement forecasts. We have published this new supplementary forecast information below and on the March 2021 EFO page.
Since the publication of our March 2019 Economic and fiscal outlook we have received a request for further detail on the VAT standard rated share of consumer spending. We have published this new supplementary forecast information on the March 2019 EFO page.
The economic determinants that underpin our long-term fiscal projections are used by organisations inside and outside government to inform their own long-term modelling. Table 1.1 below presents our latest long-term assumptions, consistent with the central forecast in our March 2019 Economic and fiscal outlook (EFO). Table 1.1: Long-term economic determinants Annual growth rate, unless otherwise…
Since the publication of our October 2018 Economic and fiscal outlook we have received requests for further detail on the marriage tax allowance and entrepreneurial reliefs. We have published this new supplementary forecast information on the October 2018 EFO page.