ANALYSIS

Structure and Main Content:

• The statement's primary focus is a directive to the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast by 26 March 2025.
• It reinforces the statutory requirement necessitated by the Budget Responsibility and National Audit Act 2011 for the creation of semi-annual forecasts.
• This forecast follows a previous one published in October 2024, highlighting biannual compliance.
• An emphasis on providing stability and certainty for families and businesses is evident, tied to the broader governmental growth mission.

Policy Terms and Legislation:

• Budget Responsibility and National Audit Act 2011
• Economic forecast, Fiscal forecast
• Major fiscal event

Named Entities:

• Office for Budget Responsibility (OBR)
• Date of publication: 26 March 2025
• Previous publication date: October 2024

Numerical Data and Statistics:

• Dates of future and past forecasts
• References to organizational duties under legislative acts

Related Parliamentary Business:

• Parliamentary statement response to the March forecast
• Annual major fiscal event theme

Political Positions and Departmental Context:

• The emphasis on government growth mission
• The focus on stability and certainty signaling a pro-investment and growth-friendly stance

Department Names and Governmental Bodies:

• Office for Budget Responsibility (OBR)
• Likely involvement of the Treasury Department given the economic focus

Key Dates and Timeframes:

• March 26, 2025: Anticipated forecast publication date
• October 2024: Previous forecast release