What’s new

Note on the Government’s announcement on migrants’ benefits

Robert Chote has issued a note on the Government’s new proposals on migrants’ benefits announced on 29 July and the Government’s reference to £500 million of savings expected over the next five years.

Graham Parker’s reappointment approved by the Treasury Select Committee

The Treasury Select Committee announced that “Having considered his oral and written evidence, and taking into account his previous appearances before the Treasury Committee, we are satisfied that Graham Parker has the professional competence and personal independence to be reappointed as a member of the Budget Responsibility Committee. We therefore consent to his appointment. We […]

Supplementary forecast information release

The OBR is commmitted to publishing further information underlying our forecasts and projections. As a result of a recent request for information we have published the estimated effect of fiscal drag on the numbers of taxpayers liable to income tax and National Insurance up to 2033-34.  The release is available in the supplementary documents section of the […]

OBR Working Paper series

The latest in our series of Working Papers were published on 10 July 2014. Working Paper No.5 – Output gap measurement: judgement and uncertainty uses a range of methods to demonstrate the uncertainty of measuring the output gap and considers the appropriate definition in the context of examining the UK public finances.   Working Paper […]

Supplementary forecast information release

The OBR is committed to publishing data that underlies our forecasts and projections. As a result of a recent request we have published our mortgage interest rate forecast consistent with the March 2014 EFO. This release is available in the supplementary documents section of the March 2014 EFO page.    

Letter from Robert Chote to the Scottish Parliament Finance Committee

Robert Chote has written a letter to the Scottish Parliament Finance Committee outlining our long-term projections for UK oil and gas tax revenues.    

Supplementary forecast information release

The OBR is committed to publishing data that underlies our forecasts and projections. As a result of a recent request we will publish our mortgage interest rate forecast consistent with the March 2014 EFO. This release will be placed on our website, in the supplementary documents section of the March 2014 EFO page, tomorrow morning, at 10am.    

Supplementary forecast information release

The OBR is committed to publishing data that underlies our forecasts and projections. Following requests from users of our publications we have published supplementary information on the number of deaths subject to inheritance tax and the mortgage debt component of our forecast for gross household debt.  

OBR secures new four-year budget from Treasury

The Office for Budget Responsibility has negotiated a new four-year budget settlement with the Treasury. This will provide extra resources to help us scrutinise social security and tax credit spending more intensively, following the Government’s recent request that we publicly police its new ‘welfare cap’.  

Policy measures database

The OBR has today published a database of Budget and Autumn Statement policy measures announced since Roy Jenkins’ final Budget in 1970. It covers all significant tax measures announced between the 1970 Budget and Alistair Darling’s final Budget in March 2010. It then includes all tax and spending measures announced since the Coalition Government’s June […]