Treasury written question – answered on 8th November 2022.
To ask His Majesty's Government what discussions they have had with the Office for Budget Responsibility regarding the upcoming fiscal statement.
The Government has a close working relationship with the Office for Budget Responsibility (OBR).
For the upcoming fiscal event, the OBR have been engaged in the normal way and there have been regular discussions of the economic and fiscal outlook. The Chancellor met the Budget Responsibility Committee of the OBR on 17 October to discuss their views on the outlook and reaffirmed the need to work collaboratively.
As set out in the Memorandum of Understanding between HM Treasury and the OBR, the forecast process involves the OBR producing multiple draft iterations of the forecasts which it shares with the Chancellor.
The Government supports the vital, independent role the OBR plays, which give markets, the public, and the world confidence that our economic plans are credible, and rightly holds us to account for delivering them.
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