March 2024
Want a quick summary?
Read the executive summary of the March 2024 Economic and fiscal outlook
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The ONS’s initial full-year estimate of government borrowing in 2023-24 is £120.7 billion (4.4 per cent GDP), a £7.6 billion (5.9 per cent) decrease on the previous year. This is £6.6 billion (5.8 per cent) higher than our March forecast. This difference is largely driven by the initial estimate of central government receipts, which is £5.3 billion lower than the March forecast.
March 2024
Read the executive summary of the March 2024 Economic and fiscal outlook
March 2024
Richard Hughes, Chair of the OBR, explains the top 5 takeaways from our report.
Katya Ring, Holly McCurry, Rosanna Colthorpe and Joshua Rawlings | 11 January 2024
In this article, we examine the reasons for the consistent downwards trend in inactivity for caring purposes coming to an end and what it might imply for our forecast for overall labour force participation.
Staff of the OBR | 9 November 2023
In this article, we set out how the OBR’s economic and fiscal forecasts capture the dynamic effects of policies on the economic behaviour of people and businesses.
Balint Benke and João Sousa | 12 October 2023
Our new ready reckoner allows users to obtain quick, indicative estimates of how changes in the economy affect public finances.
Luke Lanskey and Conor O’Loughnan | 20 July 2023
Our new historical public finances database contains 300 years of tax, spending, borrowing and debt data. This article tells the story of government borrowing and debt since 1700 and how the level and composition of tax and spending have evolved over this period.
Five year forecasts for the UK economy and public finances and an assessment of whether the Government is likely to achieve its fiscal targets.
Annual report into the main fiscal risks facing the UK and sustainability of the public finances. This new report is an amalgamation of the FSR and FRR.
Report into how our forecasts compare to subsequent outturn data and identifying lessons for future forecasts.
An in-depth look at the drivers of welfare spending both inside and outside the Government’s welfare cap.
Our monthly commentary on the latest public finances data and how it compares to our most recent forecast.
We are commissioned by the Welsh Government to produce independent forecasts for devolved Welsh taxes. We formally took on this role in April 2019.