Economic And Fiscal Outlook - October 2024 - From The Office For Budget Responsibility

31st October 2024

The latest update of our forecasts was published on 30 October 2024 in the October 2024 Economic and fiscal outlook. Read the Executive summary for the key messages of our forecast or the full report on our website.

A link to all the chapter is at the bottom of this page

Economic and fiscal outlook - October 2024
October 30, 2024 - 1.69 MB

Chapter 2 sets out our forecasts for the economy over a five-year horizon. We cover our latest forecast changes in light of recent developments and the effect of policies in the Autumn Budget.

In Chapter 3, details the policy measures announced since March 2024, provides an update on selected previous measures, and discusses policy risks and uncertainties.

Chapters 4-6 sets out our forecasts for receipts and public spending over a five-year horizon. We also explain our loans and other financial transactions forecasts. All this, together with new policy decisions, builds the outlook for borrowing and debt.

In Chapter 7, we assess the Government against its fiscal targets and assesses their likelihood of being met on current policy under our central forecast. We consider the uncertainty around our economic and fiscal forecasts and the risks to the Government meeting its targets. We also test the sensitivity of our fiscal forecasts in an alternative economic scenario.

Annex A contains detailed summary tables setting out our economic and fiscal forecasts.

Annex B explains public sector net liabilities (PSFNL) that the Government has announced as its new supplementary target.

Read the full OBR report HERE