"It is the duty of the Office to examine and report on the sustainability of the public finances"
Our latest Economic and fiscal outlook (EFO) will be published on 3 March. It will set out forecasts for the economy and the public finances. This EFO will be published on the HM Treasury website once the Chancellor’s statement is complete. Supporting material and detailed forecast tables will be available on the OBR’s website by…
The Chancellor has commissioned the OBR to produce our next forecast on Tuesday 3 March 2026. We will publish an updated Economic and fiscal outlook on that day.
Richard Hughes has written to the Chancellor of the Exchequer and Chair of the Treasury Select Committee to submit his resignation as Chair of the Office for Budget Responsibility. His letter of resignation is available below.
The OBR inadvertently made it possible to access the November 2025 Economic and fiscal outlook (EFO) too early on Budget day. We launched an immediate investigation into what happened which has reported today, Monday 1 December. The full report is available below.
A link to our Economic and fiscal outlook document went live on our website too early this morning. It has been removed. We apologise for this technical error and have initiated an investigation into how this happened. We will be reporting to our Oversight Board, the Treasury, and the Commons Treasury Committee on how this…
The latest public finances data were published by the ONS and HM Treasury today at 7am. Our regular monthly commentary on the release will be published here later today.
The Chancellor has announced that the Budget will take place on Wednesday 26 November 2025. Our latest outlook for the economy and public finances will be released on the same day.
The Chancellor nominated Richard Hughes to serve a second and final term as Chair of the OBR. Following a reappointment hearing, the Treasury Committee of the House of Commons approved the re-appointment on 15 July 2025, saying that they were ‘satisfied that Richard Hughes has the appropriate professional competence and personal independence to continue in…
We have published our response to the third external review which sets out how we are addressing the 11 recommendations made by Laura van Geest in her February 2025 review of the OBR. These recommendations span our independence, analytical infrastructure, and communications impact. We have already implemented the recommendations on independence and are progressing work…
The Chancellor has today nominated Richard Hughes as Chair of the OBR for a second and final five-year term of office, subject to the approval of the Treasury Committee of the House of Commons. The OBR’s Chair, alongside other Budget Responsibility Committee (BRC) members, has executive responsibility for the OBR and is responsible for judgements…