Step 1 of 6
Briefing
Where the UK fiscal position stands today (per OBR EFO March 2025).
Forecasts: OBR EFO March 2025
Historical era
Quick build
Policy scenarios for 2024
Load a complete package, then refine it in the report.
You're stepping into the Treasury. Here's what's on the briefing note this morning.
- Borrowing 2024-25
- £128.0bn(5.0% GDP)
- Debt:GDP 2024-25
- 95%
- Year-2029-30 forecast PSNB
- £55.0bn(1.9% GDP)
- Fiscal-rule headroom
- £9.9bn
Live OBR forecast (March 2025 EFO) — loaded server-side and passed through to the wizard.
Pressures on this morning's note:
- • NHS — Demographic pressure pushes ~3% real growth required just to stand still.
- • Defence — NATO 2.5% pledge by 2030 implies ~£20bn additional spending.
- • State pension — Triple lock binds upratings to max(CPI, earnings, 2.5%).
- • Frozen thresholds — Fiscal drag now raising £35bn+/yr, locked until 2031.