Office for Budget Responsibility

E11445

government agency of the United Kingdom independent fiscal institution

The Office for Budget Responsibility is the United Kingdom’s independent fiscal watchdog, responsible for producing economic forecasts and assessing the sustainability of public finances.

Observed surface forms (2)

Surface form	Occurrences
Office for Budget Responsibility (framework and remit setting)	1
the Office for Budget Responsibility to evaluate the government’s performance against its fiscal targets	1

Statements (47)

Predicate	Object
instanceOf	government agency of the United Kingdom ⓘ independent fiscal institution ⓘ
appliesToJurisdiction	United Kingdom public sector ⓘ
chairperson	Richard Hughes ⓘ
country	United Kingdom ⓘ
createdBy	Conservative–Liberal Democrat coalition government ⓘ
employs	economists ⓘ fiscal analysts ⓘ
foundedBy	UK government ⓘ surface form: Government of the United Kingdom
hasMainResponsibility	assessing the sustainability of the UK public finances ⓘ evaluating the government’s performance against its fiscal targets ⓘ producing fiscal risk assessments ⓘ producing long-term fiscal projections ⓘ producing official economic forecasts for the UK government ⓘ scrutinising the costing of tax and welfare measures ⓘ
headquartersLocation	London, England ⓘ surface form: London
inception	2010 ⓘ
independenceFrom	HM Treasury ⓘ
isDescribedAs	United Kingdom’s independent fiscal watchdog ⓘ
isPartOfCategory	Fiscal councils ⓘ Government agencies of the United Kingdom ⓘ Public finance of the United Kingdom ⓘ
jurisdiction	United Kingdom ⓘ
languageOfWorkOrName	English ⓘ
legalBasis	Budget Responsibility and National Audit Act 2011 ⓘ
locatedInTheAdministrativeTerritorialEntity	England ⓘ
locatedInTimeZone	Europe/London ⓘ
mandateIncludes	analysing long-term demographic and economic pressures on the public finances ⓘ assessing whether the government is likely to meet its fiscal targets ⓘ identifying and analysing fiscal risks ⓘ producing five-year forecasts for the economy and public finances ⓘ
officeHeldByChairpersonSince	2020 ⓘ
oversightBy	HM Treasury Select Committee ⓘ
partOf	United Kingdom public sector financial framework ⓘ
precededBy	HM Treasury internal forecasting process ⓘ
publishes	Economic and fiscal outlook ⓘ Fiscal risks report ⓘ Fiscal risks report ⓘ surface form: Fiscal sustainability report Forecast evaluation report ⓘ Welfare trends report ⓘ
reportsTo	British Parliament ⓘ surface form: Parliament of the United Kingdom
sector	macroeconomic forecasting ⓘ public finance ⓘ
shortName	OBR ⓘ
usesMethod	fiscal sustainability analysis ⓘ macroeconomic modelling ⓘ
website	https://obr.uk ⓘ

Referenced by (20)

Full triples — surface form annotated when it differs from this entity's canonical label.

Chancellor of the Exchequer → associatedWith → Office for Budget Responsibility ⓘ

Fiscal risks report → author → Office for Budget Responsibility ⓘ

HM Treasury → collaboratesWith → Office for Budget Responsibility ⓘ

Treasury → collaboratesWith → Office for Budget Responsibility ⓘ

subject surface form: HM Treasury

Budget Responsibility and National Audit Act 2011 → creates → Office for Budget Responsibility ⓘ

Richard Hughes → employer → Office for Budget Responsibility ⓘ

Budget Responsibility and National Audit Act 2011 → establishes → Office for Budget Responsibility ⓘ

OBR → fullName → Office for Budget Responsibility ⓘ

Autumn Statement → monitoredBy → Office for Budget Responsibility ⓘ

HM Treasury → oversees → Office for Budget Responsibility ⓘ

this entity surface form: Office for Budget Responsibility (framework and remit setting)

HMT → oversees → Office for Budget Responsibility ⓘ

subject surface form: HM Treasury

Treasury of the United Kingdom → oversees → Office for Budget Responsibility ⓘ

Fiscal risks report → producedBy → Office for Budget Responsibility ⓘ

Economic and fiscal outlook → publishedBy → Office for Budget Responsibility ⓘ

Welfare trends report → publishedBy → Office for Budget Responsibility ⓘ

Fiscal risks report → publisher → Office for Budget Responsibility ⓘ

Forecast evaluation report → publisher → Office for Budget Responsibility ⓘ

Fiscal risks report → regulator → Office for Budget Responsibility ⓘ

Budget Responsibility and National Audit Act 2011 → requires → Office for Budget Responsibility ⓘ

this entity surface form: the Office for Budget Responsibility to evaluate the government’s performance against its fiscal targets

HM Treasury Select Committee → scrutinises → Office for Budget Responsibility ⓘ