The Office for Budget Responsibility

The Office for Budget Responsibility (OBR) is an independent body in the UK that provides economic and financial forecasts to help the government make informed decisions about spending and taxation. Established in 2010, its main role is to assess the government’s fiscal policies and assess potential risks to the economy. The OBR produces reports, such as the Economic and Fiscal Outlook, which include predictions on economic growth, public spending, and revenue. By ensuring transparency and impartiality, the OBR aims to improve public trust in government financial management and enhance accountability.