Office for Budget Responsibility

Advisory non-departmental public body in the UK

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The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world.

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Treasury blames borrowing spike on 'dire inheritance' The Exchequer Secretary to the Treasury has blamed a “dire economic inheritance from the previous government” on a jump in Government borrowing last month. Official figures on Friday showed public.. Credit: ODN Duration: 00:56Published on September 20, 2024

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Labour vows to strengthen role of OBR 'to bring stability back to economy' Labour has pledged legislation requiring future governments to get an independent impact assessment of any significant tax and spending commitments they wish to make. Sky News - Published on September 21, 2023
Budget in focus as borrowing in year to date is £30bn less than predicted Public borrowing in the financial year to date is £30.6bn less than predicted by the Office for Budget Responsibility, according to the last set of official figures before next month's budget. Sky News - Published on February 21, 2023
Chancellor urged to freeze fuel duty after OBR warns petrol could rise by 12p a litre There are calls for the chancellor to commit to a further freeze of fuel duty after a forecast from the Office for Budget Responsibility said 12p a litre would be added to pump prices if the government.. Sky News - Published on November 17, 2022

Bank of England official criticises mini-budget action - as sidelined OBR creates 'uncertainty' Another Bank of England official has weighed in to criticise the government's mini-budget announcement - rebuking the absence of Office of Budget Responsibility (OBR) input, detailing how the UK bond.. Sky News - Published on October 6, 2022
Do the sums add up after chancellor gives only half the story? \| Paul Kelso The Office of Budget Responsibility usually toils in obscurity, the dryness of its name belying the importance of its role in making the national finances add up. Sky News - Published on September 30, 2022