{"value":{"id":1520234,"memberId":4169,"member":null,"memberRole":"Lords Spokesperson","uin":"HLWS303","dateMade":"2022-10-11T00:00:00","answeringBodyId":14,"answeringBodyName":"Treasury","title":"Timing of Medium-Term Fiscal Plan","text":"<p>My right honourable friend the Chancellor of the Exchequer (Kwasi Kwarteng) has today made the following Written Ministerial Statement.</p><p>Today I can inform the House that I have asked the Office for Budget Responsibility (OBR) to bring forward the date of their next forecast to 31 October.</p><p> </p><p>Strong growth and sustainable public finances go hand in hand. Alongside the publication of the <em>Economic and Fiscal Outlook</em>, I will set out the government’s Medium Term Fiscal Plan. This will set out further details on the government’s fiscal rules, including ensuring that debt falls as a share of GDP in the medium term.</p><p> </p><p>This forecast, in addition to the forecast that will be commissioned in spring, will fulfil the obligation for the OBR to produce at least two forecasts in a financial year, as is required by legislation.</p>","house":"Lords","noticeNumber":0,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":1520232,"linkType":"JointStatement","linkDate":"2022-10-11T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1520234","method":"GET"}]}