Written Question·Treasury·UIN 74284

National Income

Tabled: 2 September 2025

Answered: 10 September 2025

Question

Mike Wood

Conservative — Kingswinford and South Staffordshire

To ask the Chancellor of the Exchequer, what assessment (a) HM Treasury and (b) the Government Actuary Department has made of the accuracy of the GDP deflator forecasts by the Office for Budget Responsibility.

Answer

Lucy Rigby

Economic forecasts, including assessments of the impact of policy decisions, are the responsibility of the independent Office for Budget Responsibility (OBR). The OBR are required to produce a Forecast Evaluation Report (FER) each year under the Budget Re...

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