Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 October 2025 to Question 82997 on the Restoring Your Railway Fund, whether the audit was independently reviewed by (a) the Office for Budget Responsibility and (b) another external body.

In July 2024, the Chancellor of the Exchequer instructed HM Treasury officials to undertake an audit of public spending. The audit’s findings showed a forecast overspend on departmental spending of £21.9 billion above the totals that had been set at Spring Budget 2024.

Taking immediate action to respond to the spending pressure, the government cancelled unfunded policy announcements made by the previous government, including the Restoring Your Railway programme.

The full Spending Audit summary can be found on GOV.UK.

The OBR conducted a review into the Spring Budget 2024 forecast which is available on their website, setting out that if the OBR had been aware of the scale of pressures at the time, they would have reached a “materially different judgement about...spending in 2024-2025”