Written question asked by Lord Empey (Ulster Unionist Party) on Tuesday, 3 March 2026, in the House of Lords. It was due for an answer on Tuesday, 17 March 2026. It was answered by Lord Livermore (Labour) on Tuesday, 17 March 2026 on behalf of the Treasury.
Office for Budget Responsibility: Forecasts
- Question
-
To ask His Majesty's Government what assessment they have made of the accuracy of economic predictions submitted to them by the Office of Budget Responsibility.
- Answer
-
Economic forecasts, including assessments of the impact of policy decisions, are the responsibility of the independent Office for Budget Responsibility (OBR).
The OBR is required to produce a Forecast Evaluation Report (FER) each year under the Budget Responsibility and National Audit Act (2011). The OBR is required to explain the reasons for divergence between its forecasts and subsequent outturns, to support future forecast improvements.
The latest Forecast Evaluation Report was published in July 2025 and can be found on their website.
Secondary information
- Type
- Written question
- Reference
- HL15088
- Session
- 2024-26
- Subjects
- Forecasts Office for Budget Responsibility
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-03-17 15:07:41 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL15088
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL15088
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL15088