Office for Budget Responsibility: Forecasts
The question
To ask the Chancellor of the Exchequer, what discussions she had with the Office for Budget Responsibility (OBR) on the risk that OBR productivity growth forecasts would be revised down before the (a) Autumn Budget 2024 and (b) Spring Statement 2025.
Answered by Lucy Rigby
The Chancellor engages regularly with the OBR including in preparation for fiscal events. As the Government’s independent official forecaster, the OBR has full discretion over the judgements underpinning its forecasts.
In the OBR's March Economic and Fiscal Outlook, the OBR included two scenarios for trend productivity, reflecting both upside and downside risks.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →