Correspondence

Spring 2022 forecast statement

Published 23 December 2021

The Chancellor of the Exchequer, Rishi Sunak, has commissioned the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast for Wednesday 23 March 2022, as per the Charter for Budget Responsibility. The Budget Responsibility and National Audit Act 2011 states that the OBR must produce a forecast on at least two occasions each financial year.

As per HM Treasury’s Charter for Budget Responsibility, there must be reasonable notice given between the commission of a forecast and its production.

The Chancellor has therefore written to the Treasury Select Committee today (23 December 2021) to inform them of the commission date.