"It is the duty of the Office to examine and report on the sustainability of the public finances"
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.
Our latest Forecast evaluation report (FER) will be published at 11am on Thursday 19 October. Our FER examines how our forecasts compare to subsequent outturn data and identifies lessons for future forecasts. This report will focus on how our March 2021 and March 2022 economy and fiscal forecasts for 2022-23 fared against the outturns.
The Treasury Select Committee has today approved the appointment of Tom Josephs to the Budget Responsibility Committee (BRC), following a hearing before MPs on 5 September. Tom will formally begin his appointment later this month, replacing Andy King who stepped down at the end of August. We thank Andy King for his 10 years of…
Since the publication of our July 2023 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 July 2023 FRS page.
The Chancellor has announced that the Autumn Statement 2023 will take place on Wednesday 22 November. Our latest outlook for the economy and public finances will be released on the same day.
Our latest working paper, The OBR’s forecast performance, provides a comprehensive evaluation of the OBR’s economic and fiscal forecasting record since we were established in 2010. We assess how our 27 forecasts have performed against outturn over the past 13 years and look at how our forecasting record compares to other UK and international forecasters….
In early 2023, we sought expressions of interest for membership of our advisory panel from academics, economists, researchers and industry specialists with expertise in at least one of these six categories: macroeconomics and econometrics; public sector finances and public economics; financial markets and corporate finance; energy and climate change; health and longevity; and labour market…
Richard Hughes distils the key messages from our latest Fiscal risks and sustainability report in his press conference presentation and accompanying speaking note.
The Chancellor has approved the appointment of Baroness Hogg and Dame Susan Rice as non-executive members of the Office for Budget Responsibility. Sarah Hogg and Susan Rice have been appointed to continue the work of the oversight board and audit committee as Sir Chris Kelly and Bronwyn Curtis CBE complete their final terms over the…
Andy King will step down as fiscal expert on the OBR’s Budget Responsibility Committee following the conclusion of his five-year term at the end of August. Andy joined the OBR in 2013 as Chief of Staff and was appointed to the BRC in 2018. Before that, he worked in the Treasury in a variety of…