Office for Budget Responsibility
(asked on 8th February 2018) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what is the role of the Office for Budget Responsibility in economic forecasting, in the light of the Treasury's analysis of the economic impact of Brexit.
This question was answered on 22nd February 2018
The OBR’s remit is set out in the Budget Responsibility and National Audit Act 2011 which is to ‘examine and report on the sustainability of the public finances’. In doing so, the OBR must produce at least two forecasts per financial year which must include the impact of government policy where it can be quantified with reasonable accuracy.