Economic Growth

Treasury written question – answered at on 1 August 2024.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask His Majesty's Government what steps they are taking in collaboration with the Office for Budget Responsibility to ensure that economic growth forecasts are (1) realistic, and (2) aligned with the fiscal targets that have been set.

Photo of Lord Livermore Lord Livermore The Financial Secretary to the Treasury

The Office for Budget Responsibility (OBR) produces its forecasts independently from the Government.

The OBR is required by primary legislation to publish an annual assessment of the accuracy of its forecasts. All previous Forecast Evaluation Reports are available on the OBR’s website.

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