Policy paper

Draft Charter for Budget Responsibility text on the fiscal lock

The Budget Responsibility Bill will introduce the ‘fiscal lock’ to ensure fiscally significant announcements made by the government will be subject to an independent assessment by the Office for Budget Responsibility. 

• From: HM Treasury
• Published: 18 July 2024

Documents

Draft Charter for Budget Responsibility text on the fiscal lock

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Draft Charter for Budget Responsibility text on the fiscal lock

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Details

The government will specify further details of the fiscal lock in the Charter for Budget Responsibility which outlines the government’s fiscal framework. The government has published draft Charter text to set out how the policy will be implemented and therefore support parliamentary scrutiny. The draft text will be incorporated into the Charter for Budget Responsibility in due course in the usual way.

Published 18 July 2024