"It is the duty of the Office to examine and report on the sustainability of the public finances"
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…
We have published a new paper studying the evolution of tax revenues and other sources of government income between 2007-08 and 2018-19 – respectively the last full year before the financial crisis and the last full year before the coronavirus crisis.
The latest in our series of Working Papers were published on 28 September 2018. Working paper No.13: In-year fiscal forecasting and monitoring presents our approach to in-year forecasting and monitoring of the public finances, and discusses how we assess our forecasts against the published data. Working paper No.14: Devolved income tax: forecasting by tax bands sets…