Draft Charter for Budget Responsibility: Autumn 2025

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HCWS1275

Draft Charter for Budget ResponsibilityAutumn 2025

Statement made on 27 January 2026

Statement UIN HCWS1275

Statement made by

Torsten Bell

Minister for Pensions

Labour

Swansea West

Commons

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

Statement from

Treasury

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This statement has also been made in the House of Lords

Treasury

Draft Charter for Budget ResponsibilityAutumn 2025

Lord Livermore

The Financial Secretary to the Treasury

Labour, Life peer

Statement made 27 January 2026

HLWS1276

Lords