Charter for Budget Responsibility: Autumn 2025
The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.
Charter for Budget Responsibility Updates
The Charter for Budget Responsibility Updates concern HM Treasury's fiscal framework and rules governing government spending and borrowing, with recent updates in Autumn 2024 and 2025. Current issues include improving the decision-making process for routine adjustments, clarifying ministerial accountability for policy announcements, and reviewing how debt-related items like indemnity payments are treated under fiscal rules.
13 Feb 2025
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Policy paper
Bank of England
HM Treasury
Context · primary home: UK Economic Policy
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Memorandum of Understanding Between HM Treasury and the Bank of England 2025
HM Treasury and the Bank of England have updated the 2018 Memorandum of Understanding on their financial relationship and published a Joint Statement.
22 Jan 2025
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Policy paper
HM Treasury
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Charter for Budget Responsibility: Autumn 2024
The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.
21 Nov 2024
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Policy paper
HM Treasury
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Meeting minutes – October 2024
Minutes from Chancellor of the Exchequer Rachel Reeves' meeting with the Governor of the Bank discussing the Bank’s latest Financial Stability Report.
30 Oct 2024
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Policy paper
HM Treasury
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Response to the OBR review of the March 2024 forecast for departmental expenditure limits
HM Treasury's response to the OBR review of the March 2024 forecast for departmental expenditure limits (DELs) that concluded on 30 October 2024
26 Jan 2023
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Policy paper
HM Treasury
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Charter for Budget Responsibility: Autumn 2022 update
The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.
5 Jan 2022
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Policy paper
HM Treasury
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Charter for Budget Responsibility: autumn 2021 update
The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.
7 Mar 2019
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Policy paper
HM Treasury
Office for Budget Responsibility
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Office for Budget Responsibility and HM Treasury framework
This updated framework document sets out the broad governance and management rules within which the OBR operates.
6 Dec 2017
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Policy paper
HM Treasury
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The new Budget timetable and the tax policy making process
A summary of the timetable and process the government will use for tax policy making and consultation following the move to a single annual fiscal event.
17 Jan 2017
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Policy paper
HM Treasury
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Charter for Budget Responsibility: autumn 2016 update
The Charter for Budget Responsibility sets out the government’s approach to fiscal policy and management of the public finances.