Draft Charter for Budget Responsibility: Autumn 2025
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, supportin...
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HLWS1276
Draft Charter for Budget ResponsibilityAutumn 2025
Statement made on 27 January 2026
Statement UIN HLWS1276
Statement made by
Lord Livermore
The Financial Secretary to the Treasury
Labour
Life peer
Lords
Statement
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, supporting the economy with greater policy certainty. Responding to recommendations made by the IMF, the government set out that it would legislate to ensure the OBR assesses performance against the fiscal rules once a year at the Budget. Finance (No. 2) Bill includes an amendment to the Budget Responsibility and National Audit Act 2011, the underlying primary legislation that sets out the requirement for fiscal rules assessments.
The
Draft Charter for Budget Responsibility: Autumn 2025
has been published on GOV.UK. The Charter already set out government’s commitment to hold one major fiscal event per year. This update to the Charter makes technical changes to deliver the policy announced at Budget 2025 relating to fiscal rules assessments, complementing the changes being made to the Budget Responsibility and National Audit Act. The updated Charter will be laid before Parliament, and a debate and vote scheduled in due course.
A copy of the document is available on
https://www.gov.uk/government/publications/draft-charter-for-budget-responsibility-autumn-2025
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Treasury
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This statement has also been made in the House of Commons
Treasury
Draft Charter for Budget ResponsibilityAutumn 2025
Torsten Bell
Minister for Pensions
Labour, Swansea West
Statement made 27 January 2026
HCWS1275
Commons