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Policy Paper Published 23 Mar 2022 HM Treasury ↗ View on GOV.UK

Government response to the 2021 Fiscal Risks Report

Letter from the Chancellor to the Chair of the OBR responding to the 2021 Fiscal Risks Report.

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The OBR published its latest Fiscal Risks Report on 6 July 2021, which focussed on three sources of potential fiscal risk: the cost of public debt, the COVID-19 pandemic and climate change. The government’s response outlines the actions the government is taking around these sources of risk to ensure that the public finances remain sustainable and resilient to future shocks.