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I. Framework agreement between DHSC and the UK Health Security Agency: 2026 to 2029. 34p. II. Letter dated 01/10/2026 from Diana Jonhnson MP to the Deposited Papers Clerk regarding the Framework agreement for deposit in the House Libraries. 1p.
I. Framework agreement between DHSC and the UK Health Security Agency: 2026 to 2029. 34p. II. Letter dated 01/10/2026 from Diana Jonhnson MP to the Deposited Papers Clerk regarding the Framework agreement for deposit in the House Libraries. 1p.
This briefing explains what the Office for Budget Responsibility is and what it does.
This briefing explains what the Office for Budget Responsibility is and what it does.
Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Summer weather has boosted retail sales and consumer confidence is up, though mortgage approvals are down and fuel prices are high.
Summer weather has boosted retail sales and consumer confidence is up, though mortgage approvals are down and fuel prices are high.
To ask His Majesty's Government what estimate they have made of the effect of bond sales by the Bank of England, undertaken because of quantitative tightening, on long-term borrowing rates; and what assessment they have made of the additional 30 basis points on the yields of long-dated bonds, including its...
To ask His Majesty's Government what estimate they have made of the effect of bond sales by the Bank of England, undertaken because of quantitative tightening, on long-term borrowing rates; and what assessment they have made of the additional 30 basis points on the yields of long-dated bonds, including its...
The Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including the pace of quantitative easing and quantitative tightening, is the responsibility of the independent Monetary Policy Committee at the Bank of England. The Government does not comment on monetary policy decisions.
The Office for Budget Responsibility (OBR) forecasts debt interest costs as part of the fiscal forecasts in its Economic and Fiscal Outlook.
Since October 2022, HM Treasury has transferred £110.72bn to the Bank of England to cover losses arising from the indemnity of the Asset Purchase Facility, the vehicle used to implement quantitative easing. This covers losses incurred from net interest costs and the sale and redemption of bonds as the portfolio is unwound. Since 2013, the Bank of England has transferred £123.85bn to HM Treasury, giving HM Treasury a net position of £13.13bn to date.
Data on these cash transfers between HM Treasury and the Bank of England are made publicly available by the Office for National Statistics (ONS) in its monthly Public Sector Finances publication.
Fuel duty is charged at a rate of 52.95p per litre on unleaded petrol and diesel. Fuel duty is planned to increase by 3p per litre on 1 January 2027, the first increase since 2011.
Fuel duty is charged at a rate of 52.95p per litre on unleaded petrol and diesel. Fuel duty is planned to increase by 3p per litre on 1 January 2027, the first increase since 2011.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of extending official fiscal forecast horizons beyond five years on long-term capital investment planning.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of extending official fiscal forecast horizons beyond five years on long-term capital investment planning.
The government updated the Charter for Budget Responsibility in 2024 to require that where capital investment, or other new policies, may have material impacts beyond the forecast horizon, the Office for Budget Responsibility (OBR) should, where appropriate and subject to receiving sufficient information from the Treasury to do so, analyse and report on these at the relevant forecast. The OBR estimates that the combined supply-side effects of policy announced across the Parliament will raise the level of GDP by over 0.6% after 10 years.
The government has taken a long-term approach to capital investment in the 10 Year Infrastructure Strategy, published in 2025. The Strategy set out the UK government’s long-term plan to provide greater certainty for infrastructure investment to support growth, resilience and high-quality public services.
Ministry of Justice Accounting Officer System Statement. 32p.
Ministry of Justice Accounting Officer System Statement. 32p.
I. Framework Document: The Home Office and His Majesty’s Inspectorate of Constabulary and Fire & Rescue Services. Incl. annexes. 43p. II. Letter dated 16/09/2026 from Sarah Jones MP to the Deposited Papers Clerk regarding the HMICFRS Framework document for deposit in the House Libraries. 1p.
I. Framework Document: The Home Office and His Majesty’s Inspectorate of Constabulary and Fire & Rescue Services. Incl. annexes. 43p. II. Letter dated 16/09/2026 from Sarah Jones MP to the Deposited Papers Clerk regarding the HMICFRS Framework document for deposit in the House Libraries. 1p.
Lords motion to take note of the UK's fiscal outlook. Agreed to on question.
Lords motion to take note of the UK's fiscal outlook. Agreed to on question.
My Lords, one word hovers like a spectre over this debate on the fiscal outlook: debt. Two years ago to this very day, your Lordships’ Economic Affairs Committee, which I then chaired, published a report on our national debt, It’s Time for Tough Decisions. It concluded that the UK’s national...
My Lords, one word hovers like a spectre over this debate on the fiscal outlook: debt. Two years ago to this very day, your Lordships’ Economic Affairs Committee, which I then chaired, published a report on our national debt, It’s Time for Tough Decisions. It concluded that the UK’s national...
My Lords, it is a privilege to follow the noble Lord, Lord Bridges of Headley, and I congratulate him on securing the debate. The challenges facing this country and many others globally because of the current fiscal outlook have been a consistent focus for him, both during his distinguished stint...
My Lords, it is a privilege to follow the noble Lord, Lord Bridges of Headley, and I congratulate him on securing the debate. The challenges facing this country and many others globally because of the current fiscal outlook have been a consistent focus for him, both during his distinguished stint...
My Lords, the noble Lord, Lord Bridges, has outlined the challenges facing fiscal policy very well. I was a member of the Economic Affairs Committee that he chaired so ably, and he has summarised the conclusions of the report of that committee two years ago. Since then, the OBR too...
My Lords, the noble Lord, Lord Bridges, has outlined the challenges facing fiscal policy very well. I was a member of the Economic Affairs Committee that he chaired so ably, and he has summarised the conclusions of the report of that committee two years ago. Since then, the OBR too...
My Lords, it is a great pleasure to speak after the noble Lord, Lord Burns, who brings so much experience and authority to his comments. They were extremely balanced and will be well received by all sides of the House.
My noble friend Lord Bridges set out his case with his...
My Lords, it is a great pleasure to speak after the noble Lord, Lord Burns, who brings so much experience and authority to his comments. They were extremely balanced and will be well received by all sides of the House.
My noble friend Lord Bridges set out his case with his...
My Lords, I also welcome this debate. I thank the noble Lord, Lord Bridges, for bringing it and welcome the noble Lord, Lord Pitt-Watson, to his place. As for the tone of the debate, it is inevitable that the conference season, immediately before the Budget, is a time when all...
My Lords, I also welcome this debate. I thank the noble Lord, Lord Bridges, for bringing it and welcome the noble Lord, Lord Pitt-Watson, to his place. As for the tone of the debate, it is inevitable that the conference season, immediately before the Budget, is a time when all...
My Lords, I congratulate my noble friend Lord Bridges on bringing forward this debate—he probably had to do a bit of pushing and shoving—and for his crystal-clear demonstration, which will be hard to challenge, that with our national debt interest we are on a path to unsustainability and no one...
My Lords, I congratulate my noble friend Lord Bridges on bringing forward this debate—he probably had to do a bit of pushing and shoving—and for his crystal-clear demonstration, which will be hard to challenge, that with our national debt interest we are on a path to unsustainability and no one...
My Lords, I, too, salute the noble Lord, Lord Bridges of Headley, for securing this critical, timely debate and for his compelling opening remarks. It was a pleasure to sit on the Economic Affairs Committee under his astute chairmanship, especially during our inquiry into the sustainability of our national debt....
My Lords, I, too, salute the noble Lord, Lord Bridges of Headley, for securing this critical, timely debate and for his compelling opening remarks. It was a pleasure to sit on the Economic Affairs Committee under his astute chairmanship, especially during our inquiry into the sustainability of our national debt....
My Lords, the Conservative Government were swept from power, first because they did not deliver on immigration control in the way that they promised but, secondly, because they presided over a very major surge in inflation in the early 2020s, which had been brought about by excessive spending, excessive borrowing,...
My Lords, the Conservative Government were swept from power, first because they did not deliver on immigration control in the way that they promised but, secondly, because they presided over a very major surge in inflation in the early 2020s, which had been brought about by excessive spending, excessive borrowing,...
My Lords, I congratulate my noble friend Lord Bridges of Headley on securing this debate. The fiscal outlook, as my noble friend set out in his excellent speech, is pretty awful. The upcoming Budget will be particularly difficult. The small headroom left by the previous Chancellor has probably already disappeared....
My Lords, I congratulate my noble friend Lord Bridges of Headley on securing this debate. The fiscal outlook, as my noble friend set out in his excellent speech, is pretty awful. The upcoming Budget will be particularly difficult. The small headroom left by the previous Chancellor has probably already disappeared....