Our latest Fiscal risks and sustainability report (FRS) will be published on Tuesday 7 July. It will be launched at the Darlington Economic Campus.
The 2026 FRS will update the long-run fiscal projections, focusing on the following components:
- The economy, where we will examine the implications of updated economic and demographic assumptions, such as productivity growth and changes to the population.
- Receipts, where we will explore revenue trends in the long run, analysing sensitivities to economic drivers and to long-run policy assumptions, as well as the relationship between taxation and economic growth.
- Spending, where we will examine long-term pressures on government spending, including from demography, climate change and defence, and the implications of long-run policy assumptions such as the triple lock and benefits uprating.
- Fiscal aggregates, where we will combine the economic and demographic assumptions and our tax and spending long-term projections to explore an updated set of 50-year debt projections and alternative scenarios, and examine the implications for the long-term sustainability of the public finances.
We would like to invite those with expertise or experience in these areas to share with us their insights or direct us to relevant material that we should consider for the report. You can contact us by emailing [email protected].