Category Archive: What’s new

The Chancellor has announced that the Spring forecast  will take place on Wednesday 26 March 2025. Our latest outlook for the economy and public finances will be released on the same day.

In accordance with the fiscal framework agreed by the Welsh and UK Governments, we are formally commissioned by the Welsh Government to produce independent forecasts for devolved Welsh taxes alongside its Draft Budgets. On 10 December we published our forecasts for devolved Welsh taxes in our 2024 Welsh taxes outlook (WTO). The report is available…

Since the publication of our September 2024 Fiscal risks and sustainability (FRS) report, we have received a request for further detail on our long-term fiscal projections. We have published this new supplementary forecast information below and on the September 2024 FRS page.

Since the publication of our October 2024 Economic and fiscal outlook (EFO) we have received requests for further information on our carbon price forecast and detail underlying our environmental levies forecast. We have published this new supplementary forecast information below and on the October 2024 EFO page.

Richard Hughes distils the key messages from our latest Economic and fiscal outlook in his press conference presentation and accompanying speaking note.

Alongside the October 2024 Economic and fiscal outlook we published our Review of the March 2024 departmental expenditure limits (DEL) forecast. We also wrote to the Chair of the Treasury Select Committee with the findings, recommendations and answers to questions received about the review process.

On 25 October, the Shadow Chancellor, Rt. Hon. Jeremy Hunt MP sent an email to Chair Richard Hughes regarding the March 2024 DEL forecast review. Richard Hughes replied on 27 October. Both are available below.