Category Archive: What’s new

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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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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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November 2023 forecast timetable

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.

Annual report on forecast accuracy due on 19 October

Forecast evaluation report – October 2023

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.

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Tom Josephs appointed to the Committee

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…

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Supplementary forecast information on our long-term fiscal projections

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.

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Autumn 2023 forecast date announced

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.