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Box sets » Receipts » Environmental levies

  • Economic and fiscal outlook - November 2015 | Box: 4.1 | Page: 100

    Anticipating the implementation of ONS classification decisions

    We always try to forecast the public finances consistent with how the ONS will measure them once it has implemented its classification decisions, so that our forecasts will be consistent with that eventual treatment. This box outlined the items included in our November 2015 forecast which the ONS had announced, but had yet to implement.

    Fiscal categories: Environmental levies, Housing associations, Public spending, Receipts, Vehicle excise duties

    Cross-cutting categories: Classification changes, Data revisions

    Read more
  • Forecast evaluation report - October 2015 | Box: 4.1 | Page: 75

    Assessing the performance of fiscal forecasting models

    We use a large number of fiscal forecasting models to generate our bottom-up forecasts of the public finances. This box outlined why models are essential forecasting tools, the various types of model used and how their performance is assessed.

    Fiscal categories: Environmental levies, Receipts

    Cross-cutting categories: Forecast process

    Read more
  • Economic and fiscal outlook - March 2015 | Box: 4.2 | Page: 119

    The indexation of excise and environmental duties in our forecast

    Our forecasts for excise and environmental duties assume that rates are indexed in line with default parameters. These parameters are set by the Government and are detailed at each Budget in the Treasury’s Policy costings document. The assumptions represent a source of economy and
    policy-related uncertainty in our forecast. In this box, we looked back at how a selection of duty rates moved over the Parliament relative to the default uprating assumptions assumed in the OBR’s first forecast in June 2010.

    Fiscal categories: Environmental levies, Fuel duty, Receipts, Vehicle excise duties

    Cross-cutting categories: Forecast process

    Read more
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