Institute for Government

Office for Budget Responsibility forecasts for headroom against fiscal targets, successive fiscal events  June 2010 – March 2024 (£bn)

Source: Institute for Government analysis of Office for Budget Responsibility, Economic and Fiscal Outlooks, November 2023 and March 2024. Notes: For comparability with headroom against the current fiscal mandate, past headrooms have been calculated in per cent of GDP as forecast at the time and multiplied by the latest forecast for nominal GDP in 2028-29. November 2016 shows headroom against chancellor's proposed mandate at the time. Get the data Embed