Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Timing of Medium-Term Fiscal Plan

11 October 2022

Proposing MP
Kwasi Kwarteng Con
Spelthorne
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

Kwasi Kwarteng announces an earlier release date for the Office for Budget Responsibility's forecast and plans to present the government’s Medium Term Fiscal Plan.

Action Requested

The Minister requests that the OBR bring forward their next forecast publication to October 31st, in addition to fulfilling their legislative requirement of at least two forecasts per financial year with a spring forecast.

Key Facts

  • The Office for Budget Responsibility (OBR) will publish its next forecast on 31 October.
  • Kwasi Kwarteng will present the Medium Term Fiscal Plan alongside the Economic and Fiscal Outlook publication.
  • The OBR is required to produce at least two forecasts in a financial year.
▸ Assessment & feedback
Summary accuracy