Question to the HM Treasury:

To ask His Majesty's Government what evaluation they have made of the accuracy of recent economic predictions made by the Office of Budget Responsibility.

The Office for Budget Responsibility (OBR) is required by primary legislation to publish an annual assessment of the accuracy of its forecasts. All previous Forecast Evaluation Reports are available on the OBR’s website.

In addition, last year, the OBR published a working paper assessing its forecasting record since it was established in 2010. It found that the OBR’s forecasting accuracy is comparable to that of external forecasters, and its GDP and borrowing forecasts have typically been more accurate than the previous forecasts made by the Treasury.