Written question asked by Lord Mendelsohn (Labour) on Tuesday, 3 September 2019, in the House of Lords. It was due for an answer on Tuesday, 17 September 2019. It was answered by Earl of Courtown (Conservative) on Monday, 9 September 2019 on behalf of the Treasury.
Business: Investment
- Question
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To ask Her Majesty's Government what assessment they have made of the Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March.
- Answer
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The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts.
Secondary information
- Type
- Written question
- Reference
- HL17671
- Session
- 2017-19
- Subjects
- Business Investment Forecasts Office for Budget Responsibility
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-09-09 20:01:00 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL17671
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL17671
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL17671