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Statement from the Chancellor of the Exchequer
16 December 2024
Type
Written Ministerial Statement
Department
Treasury
TAGS
At a Glance
Issue Summary
The Chancellor of the Exchequer is requesting an economic and fiscal forecast from the Office for Budget Responsibility (OBR) for publication on March 26, 2025.
Action Requested
The OBR will prepare a forecast to meet the statutory requirement under the Budget Responsibility and National Audit Act 2011. The Chancellor will respond with a parliamentary statement following the release of this forecast, aligning with his commitment to deliver one major fiscal event per year.
Key Facts
- The Office for Budget Responsibility (OBR) is required to produce at least two forecasts in a financial year.
- One forecast was published in October 2024.
- A second forecast will be published on 26 March 2025.
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