4th Report - Fortifying the fiscal framework
- HC No.
- —
- Published
- 28 Apr 2026
- Items
- 0
- Response
- Response document linked Read government response ↗
Select Committee · Economic Affairs Committee
The UK’s fiscal framework
Status: Open
Opened: 24 Oct 2025
1 report
Inquiry scope
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.Reports
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 3 Feb 2026 | James Murray MP · HM Treasury, Steve Farrington · HM Treasury | View ↗ |
| 13 Jan 2026 | Richard Hughes · Office for Budget Responsibility | View ↗ |
| 16 Dec 2025 | 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 | Rupert Harrison · PIMCO, Sanjay Raja · Deutsche Bank, Simon French · Panmure Liberum | View ↗ |
| 2 Dec 2025 | Andy King · Office for Budget Responsibility, Sir Robert Chote · Trinity College, Oxford | View ↗ |
| 18 Nov 2025 | Dr. Ethan Ilzetzki · London School of Economics (LSE), Dr Xavier Debrun · National Bank of Belgium | View ↗ |
| 4 Nov 2025 | Gemma Tetlow · Institute for Government, James Smith · Resolution Foundation | View ↗ |
| 28 Oct 2025 | 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 |