Policy Threads

20 Feb 2026 | Announcement HM Treasury Office for Budget Responsibility linked direct

Treasury launches recruitment campaign for Chair of the Office for Budget Responsibility

Why linked: HMT recruitment for new OBR Chair — concrete forward-look event for the regime.

HM Treasury has today launched a recruitment campaign for a new Chair of the Office for Budget Responsibility (OBR).

▤ View document · ↗ GOV.UK

27 Jan 2026 | Announcement Treasury linked direct

Draft Charter for Budget Responsibility: Autumn 2025

Why linked: Matched expansion phrase: Fiscal framework

UIN: HLWS1276 My honourable friend the Minister for Pensions (Torsten Bell MP) has today made the following Written Statement.At Budget 2025 the government strengthened the fiscal framework to deliver on its commitment to hold one major fiscal event per year, …

▤ View document · ↗ GOV.UK · ↓

27 Jan 2026 | Announcement Treasury linked direct

Draft Charter for Budget Responsibility: Autumn 2025

Why linked: WMS laying the Draft Charter for Budget Responsibility Autumn 2025 — the operative update to the framework.

UIN: HCWS1275 At Budget 2025 the government strengthened the fiscal framework to deliver on its commitment to hold one major fiscal event per year, supporting the economy with greater policy certainty. Responding to recommendations made by the IMF, the government …

▤ View document · ↗ GOV.UK · ↓

1 Dec 2025 | Announcement HM Treasury linked direct

Update on the Chair of the Office for Budget Responsibility (OBR)

Why linked: OBR Chair resignation announcement directly relevant to institutional architecture of the framework.

Richard Hughes has today (1 December) written to the Chancellor to resign as Chair of the Office for Budget Responsibility (OBR).

▤ View document · ↗ GOV.UK · ↓ The Chancellor has thanked him for his dedicate… (1pp)

25 Jul 2025 | Announcement HM Treasury linked direct

IMF supports growth agenda and fiscal framework

Why linked: IMF Article IV endorsement of the fiscal framework — material external credibility evidence.

IMF endorses Plan for Change growth mission and fiscal reforms.

▤ View document · ↗ GOV.UK

21 Jul 2025 | Announcement Treasury linked direct

Finance Bill: 2025-26 draft legislation and tax documents

Why linked: Lords WMS equivalent on Finance Bill 2025-26 draft legislation.

UIN: HLWS874 My honourable friend the Exchequer Secretary to the Treasury (James Murray), has today made the following Written Ministerial Statement.The government is committed to engaging with interested groups when developing and legislating tax policy, and we are t...

▤ View document · ↗ GOV.UK · ↓

21 Jul 2025 | Announcement Treasury linked direct

Finance Bill: 2025-26 draft legislation and tax documents

Why linked: WMS announcing publication of draft Finance Bill 2025-26 legislation — the substantive next-cycle fiscal package.

UIN: HCWS875 The government is committed to engaging with interested groups when developing and legislating tax policy, and we are today publishing draft legislation ahead of potential inclusion in the next Finance Bill.This will allow for technical consultation on th...

▤ View document · ↗ GOV.UK · ↓

13 Feb 2025 | Announcement Treasury linked direct

The Bank of England and HM Treasury financial relationship

Why linked: WMS HCWS456 (Commons equivalent) on the HMT-Bank financial relationship review.

UIN: HCWS456 I can announce today the conclusion of a Bank of England and HM Treasury 5-yearly review of the Bank’s capital framework parameters, as set out in Section 2B of the Bank and HM Treasury Financial Relationship Memorandum of …

▤ View document · ↗ GOV.UK · ↓

13 Feb 2025 | Announcement Treasury linked direct

The Bank of England and HM Treasury financial relationship

Why linked: WMS HLWS450 announcing conclusion of the 5-yearly Bank capital framework review — direct framework moment.

UIN: HLWS450 My honourable friend the Economic Secretary to the Treasury (Emma Reynolds) has made the following Written Ministerial Statement.I can announce today the conclusion of a Bank of England and HM Treasury 5-yearly review of the Bank’s capital framework …

▤ View document · ↗ GOV.UK · ↓

29 Jan 2025 | Announcement HM Treasury linked direct

Charter for Budget Responsibility approved by Parliament

Why linked: News announcement of Commons approval of the Charter on 29 January 2025 — the moment the rules became statutorily binding.

Charter for Budget Responsibility has been approved in the House of Commons, enshrining new fiscal rules into law.

▤ View document · ↗ GOV.UK

22 Jan 2025 | Announcement Treasury linked direct

Charter for Budget Responsibility

Why linked: WMS laying the Charter for Budget Responsibility Autumn 2024 — the statutory instrument of the framework.

UIN: HCWS381 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 …

▤ View document · ↗ GOV.UK · ↓