Category Archive: What’s new

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Working paper 19: The OBR’s forecast performance

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….

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An update on the OBR’s external engagement

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…

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Dame Susan Rice and Baroness Hogg appointed as non-executive members

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…

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Andy King to step down from Budget Responsibility Committee

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…

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Monthly profiles for 2023-24

We have published monthly profiles for receipts, spending and borrowing in 2023-24, consistent with our March 2023 Economic and fiscal outlook, below and alongside our monthly commentary on the public finances.

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Publication of Working paper No.18: Emissions and our tax forecasts

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…

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Summer 2023 review of the supply-side effects of policies

In November 2022, in Briefing Paper No. 8: Forecasting potential output – the supply side of the economy, we described the framework we use when assessing whether and how to incorporate the impact of policy measures on our forecast for potential output (the ‘supply-side’ of the economy). We have applied this framework in our November…