4th Report - Fortifying the fiscal framework
- HC No.
- Not recorded
- Published
- 28 Apr 2026
- Items
- 0
- Government response
- Government response published 24 June 2026 (deadline 28 June 2026). Read the government's response ↗
Select committee: Economic Affairs Committee
The UK’s fiscal framework
Open
Opened 24 Oct 2025
Economic Affairs Committee Inquiry on parliament.uk ↗
Inquiry scope (the committee's words)
The UK’s fiscal framework is intended to promote sustainable public finances. The framework includes a set of fiscal rules and institutional arrangements for monitoring the Government’s performance against those rules. The Economic Affairs Committee is launching an inquiry to assess the effectiveness of the UK’s fiscal framework and its effect on the Government’s fiscal policy. The committee has issued a call for written evidence and will be taking oral evidence from October 2025.
Where it stands
The inquiry is open, opened 24 October 2025.
The committee has published 1 report, most recently 4th Report - Fortifying the fiscal framework on 28 April 2026.
The government's response
Published 24 June 2026. The deadline was 28 June 2026.
Reports
- 4th Report - Fortifying the fiscal framework28 April 2026
Evidence
- 8 oral evidence sessionsLatest 3 February 2026
- 17 witnesses
Recent activity
- Government response to the Economic Affairs Committee Fourth Report: Fortifying the fiscal framework24 June 2026, Report published
- 4th Report - Fortifying the fiscal framework28 April 2026, Report published
- Oral evidence session3 February 2026, Oral evidence
Reports
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 3 Feb 2026 |
Oral evidence session
James Murray MP · HM Treasury,
Steve Farrington · HM Treasury
|
View ↗ |
| 13 Jan 2026 |
Oral evidence session
Richard Hughes · Office for Budget Responsibility
|
View ↗ |
| 16 Dec 2025 |
Oral evidence session
Laura Gardiner · Office for Budget Responsibility,
Prof. David Miles CBE · Office for Budget Responsibility,
Tom Josephs · Department for Work and Pensions
|
View ↗ |
| 9 Dec 2025 |
Oral evidence session
Rupert Harrison · PIMCO,
Sanjay Raja · Deutsche Bank,
Simon French · Panmure Liberum
|
View ↗ |
| 2 Dec 2025 |
Oral evidence session
Andy King · Office for Budget Responsibility,
Sir Robert Chote · Trinity College, Oxford
|
View ↗ |
| 18 Nov 2025 |
Oral evidence session
Dr. Ethan Ilzetzki · London School of Economics (LSE),
Dr Xavier Debrun · National Bank of Belgium
|
View ↗ |
| 4 Nov 2025 |
Oral evidence session
Gemma Tetlow · Institute for Government,
James Smith · Resolution Foundation
|
View ↗ |
| 28 Oct 2025 |
Oral evidence session
Ben Zaranko · Institute for Fiscal Studies,
Helen Miller · Institute for Fiscal Studies
|
View ↗ |
Who gave evidence
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| Witness | Organisation | Sessions |
|---|---|---|
| Andy King · Member of the Budget Responsibility Committee | Office for Budget Responsibility | 1 |
| Ben Zaranko · Research Economist | Institute for Fiscal Studies | 1 |
| Dr Xavier Debrun · Head of Economics and Research | National Bank of Belgium | 1 |
| Dr. Ethan Ilzetzki · Associate Professor in Economics | London School of Economics (LSE) | 1 |
| Gemma Tetlow · Chief Economist | Institute for Government | 1 |
| Helen Miller · Director | Institute for Fiscal Studies | 1 |
| James Murray MP · Chief Secretary to the Treasury | HM Treasury | 1 |
| James Smith · Research Director | Resolution Foundation | 1 |
| Laura Gardiner · Chief of Staff | Office for Budget Responsibility | 1 |
| Prof. David Miles CBE · Member of the Budget Responsibility Committee | Office for Budget Responsibility | 1 |
| Richard Hughes · Chair | Office for Budget Responsibility | 1 |
| Rupert Harrison · Senior Advisor | PIMCO | 1 |
| Sanjay Raja · Chief UK Economist | Deutsche Bank | 1 |
| Simon French · Chief Economist and Head of Research | Panmure Liberum | 1 |
| Sir Robert Chote · President | Trinity College, Oxford | 1 |
| Steve Farrington · Director of Fiscal Policy | HM Treasury | 1 |
| Tom Josephs · Director Private Pensions and Arms-Length Bodies | Department for Work and Pensions | 1 |