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Treasury Update

27 February 2020

Proposing MP
Rishi Sunak Con
Richmond and Northallerton
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

The statement addresses the publication of a second economic and fiscal forecast by the Office for Budget Responsibility (OBR) to fulfill their legal duties under the Budget Responsibility and National Audit Act 2011.

Action Requested

I have commissioned the OBR to publish a second forecast on 13 March, focusing on updated information on debt interest. The forecast will be laid in Parliament and copies will be available in the Vote Office and Printed Paper Office.

Key Facts

  • The OBR must produce two economic and fiscal forecasts each financial year under the Budget Responsibility and National Audit Act 2011.
  • A forecast was originally planned alongside the Autumn Budget but was cancelled due to the General Election.
  • The second forecast will be published on 13 March.
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