With the UK Budget approaching, speculation is mounting that Chancellor Rachel Reeves is considering changing the fiscal rules that the Office for Budget Responsibility (OBR) uses to assess whether the Government is meeting its budgetary targets. So it’s worth thinking about how they have come about, and to what extent the rumoured changes are (i) sensible and (ii) likely to make a difference.
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Related Organizations
- Pages
- 8
- Project
- UK Budget Analysis
- Published in
- United Kingdom
Table of Contents
- UK Budget Preview 1 What are fiscal rules why do we have them and could they be made better 1
- Why do we have fiscal rules 1
- A history of fiscal rules in the UK 2
- Fiscal rule nutters and Goodharts law 3
- Jun 10 4
- Nov 10 4
- Mar 11 4
- Nov 11 4
- Mar 12 4
- Dec 12 4
- Mar 13 4
- Dec 13 4
- Mar 14 4
- Dec 14 4
- Mar 15 4
- Jul-15 4
- Nov 15 4
- Mar 16 4
- Nov 16 4
- Mar 17 4
- Nov 17 4
- Mar 18 4
- Oct 18 4
- Mar 19 4
- Mar 20 4
- Oct 21 4
- Mar 22 4
- Nov 22 4
- Mar 23 4
- Nov 23 4
- Mar 24 4
- Headroom against fiscal rule at 4
- So are fiscal rules actually needed and what would be a better way forward 5
- The UKs budget process also encourages tinkering and fine-tuning and that needs to change urgently 7
