Charter for Budget Responsibility

Written statements - Written questions, answers and statements - UK Parliament

Skip to main content

UK Parliament

Business

Written questions, answers and statements

Find written statements

HCWS381

Charter for Budget Responsibility

Statement made on 22 January 2025

Statement UIN HCWS381

Statement made by

Rachel Reeves

The Chancellor of the Exchequer

Labour

Leeds West and Pudsey

Commons

Statement

Today I have laid before Parliament the Charter for Budget Responsibility. The Charter sets out the new fiscal framework announced at Autumn Budget 2024.
The new fiscal rules will put the public finances on a sustainable path and prioritise investment to support long-term growth. The Charter also strengthens fiscal stability and transparency via a series of reforms including enhancing the role of the OBR in scrutinising the government’s fiscal policy.
In accordance with the Budget Responsibility and National Audit Act 2011, the Charter was first published in draft alongside the Budget on 30 October as it includes modified guidance to the Office for Budget Responsibility. No further changes have been made to the Charter since it was published in draft.
A debate and votes in the House of Commons on the Charter and the level of the welfare cap, will be scheduled in due course.

Statement from

Treasury

Linked statements

This statement has also been made in the House of Lords

Treasury

Charter for Budget Responsibility

Lord Livermore

The Financial Secretary to the Treasury

Labour, Life peer

Statement made 22 January 2025

HLWS375

Lords