Office for Budget Responsibility

BreakingOBR cancels update

This is from the Office for Budget Responsibility.

"As we notified the Treasury and Treasury Select Committee on 29 October, we had planned to publish a technical restatement of our March public finance forecast this morning, bringing it into line with current ONS statistical treatment - for example, the new treatment of student loans implemented in September - but not incorporating any new forecast judgements regarding the economy, the public finances or the impact of Brexit.

"This will no longer go ahead as the Cabinet Secretary has concluded that this would not be consistent with the Cabinet Office’s General Election Guidance.”

OBR to publish new fiscal forecasts on 7 November

The Office for Budget Responsibility has said it will publish the new public finances baseline forecasts on November 7, which will take into account the changes since March.

This comes despite the Budget being cancelled for November 6.

But the fiscal watchdog said it would not have enough details to hand on Boris Johnson's new Brexit deal to assess if the impact on the economy and public finances will be different to the original deal drawn up under Theresa May.