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Economy of uk
Economic and fiscal outlook
March 2013

Cm 8573

Office for Budget Responsibility:
Economic and fiscal outlook

Presented to Parliament by the Economic Secretary to the Treasury by Command of Her Majesty
March 2013

Cm 8573

£38.75

© Crown copyright 2013
You may re-use this information (excluding logos) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit http://www.nationalarchives.gov.uk/doc/opengovernment-licence/ or write to the Information Policy
Team, The National Archives, Kew, London TW9 4DU, or e-mail: psi@nationalarchives.gsi.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
Any queries regarding this publication should be sent to us at: obrenquiries@obr.gsi.gov.uk
This publication is available for download at www. official-documents.gov.uk This document is also available from our website at http://budgetresponsibility.independent.gov.uk ISBN: 9780101857321
PU1458
Printed in the UK for The Stationery Office Limited on behalf of the Controller of Her Majesty’s Stationery Office
ID P002545717

03/13

Printed on paper containing 75% recycled fibre content minimum. Contents

Foreword...................................................................................... 1
Chapter 1

Executive summary
Overview ................................................................................ 5
Economic developments since our previous forecast .................. 7
The economic outlook ............................................................. 8
The fiscal outlook .................................................................. 11
Performance against the fiscal targets..................................... 16

Chapter 2

Developments since the December 2012 forecast
Introduction
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