Economic Situation: Forecasts

Treasury written question – answered on 12th November 2020.

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Photo of Alison McGovern Alison McGovern Shadow Minister (Digital, Culture, Media and Sport)

To ask the Chancellor of the Exchequer, what requests he has made to the Office for Budget Responsibility to produce economic forecasts over the next 12 months; and if he will place that correspondence in the Library.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The OBR prepares an economic and fiscal forecast twice in each financial year.

On 11 September, the Chancellor laid a written ministerial statement in the House of Commons stating that he had ‘asked the OBR to prepare an economic and fiscal forecast to be published in mid to late November’, and the specific date (25 November) was confirmed on 28 October.

The OBR publish a log of substantive contact between the OBR and Treasury Ministers, Special Advisers and their private office staff alongside each forecast.

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