Lord Myners – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Myners on 2016-04-11.

To ask Her Majesty’s Government to what extent their fiscal strategy is influenced by Office for Budget Responsibility forecasts.

Lord O’Neill of Gatley

The Office for Budget Responsibility (OBR) was established to introduce independence, greater transparency and credibility to the economic and fiscal forecasts on which the government’s fiscal policy is based. Since 2010, the government has used the OBR’s economic and fiscal forecasts as the official forecasts. The government sets its fiscal strategy independently of the OBR but the forecasts are used to inform decisions on fiscal policy.