Our 2025 Forecast evaluation report marks a shift from previous reports, providing an updated assessment of our forecast performance over the past 15 years, an in-depth evaluation of successive forecasts made for fiscal year 2023-24, and a set of lessons learnt for our future economy and fiscal forecasts. In doing so, the report evaluates the impact of recent economic shocks – including the Covid pandemic, energy price spikes, and inflation surges following the Russian invasion of Ukraine – and how our forecasts responded.
"It is the duty of the Office to examine and report on the sustainability of the public finances"