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Chancellor requests OBR forecasts without setting Budget date, raising the prospect of delay
The Chancellor, Rishi Sunak, has taken the unusual step of requesting economic forecasts from the Office for Budget Responsibility (OBR) without setting a date for the next Budget.
In a Written Statement to Parliament, the Chancellor said that he had asked the OBR to provide the forecasts in “mid to late November” – a move which, in effect, rules out a Budget before then as the forecasts are a pre-requisite for a Budget.
According to the Treasury, the Budget date has not yet been decided but the forecasts have been requested in case the Chancellor wishes to deliver a Budget before Christmas, while also allowing the Budget to be delayed until the spring.