The OBR: 15 years on

Resolution Foundation response to the Treasury Select Committee’s inquiry

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In December 2025, the Treasury Select Committee (TSC) launched an inquiry into the Office for Budget Responsibility (OBR) to assess the organisation’s performance over the past 15 years, and to input on possible reforms to the OBR’s role, remit, and how it works with the Treasury. In this spotlight, we set out our response to … Continued

Stairway to headroom

Putting the Autumn Budget 2025 decisions on tax, spending and borrowing into context

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The Chancellor’s second tax-rising budget arrived under dark clouds, but forecasts came in better than feared. But even though she was saved from the worst predictions of past weeks, the Chancellor still faced a tough task to clear three big hurdles – fixing the public finances, easing the cost of living squeeze on families, and taxing smartly and fairly.   This briefing note argues that she did clear these hurdles, albeit not flawlessly. She scraped over … Continued

Housing Outlook Q3 2025

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Welcome to our third Housing Outlook of 2025. [1] This quarter, we show that delivering 1.5 million new homes by the end of Parliament would be a real step-change in housebuilding in England, but not game-changing when it comes to rebalancing housing supply and demand. Since 2022, housing stock relative to population has been on … Continued

Unsung Britain bears the brunt

Putting the 2025 Spring Statement in context

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This briefing note analyses the choices the Government has made in the context of an awkward backdrop to the 2025 Spring Statement.

Public pivot

How a growing state will shape the living standards outlook for 2025

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2025 will be a year with a bigger role for the state. Jeremy Hunt cut taxes in his last two Budgets and planned to pay for them with real-terms cuts to public spending in many areas. Rachel Reeves’s October Budget reversed these plans, pivoting to increasing spending on public services as a share of the … Continued

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