Metric permalink

Headroom against fiscal rules

Independent

Part of the Fiscal Resilience domain. OBR estimate of the margin between forecast borrowing and the government's stated fiscal rules, in nominal billions, indicating the buffer before a breach.

Latest data

Latest reading

Latest value
22£ billion

Nov 2025 EFO

Previous value
9.9£ billion
−37 pts

Change between the two latest observations (Nov 2025 EFO to Nov 2025 EFO), in stress score.

Direction of badnesslower is worse

A lower reading is treated as worse for this indicator.

Score composition

Stress score

30/100

Since the August 2026 release

−2 ptsfrom 32 to 30

What changed on this indicator between the two releases: method only.

Blended from two measured components: (2/3 weight) and trend (1/3 weight); where no trend can be computed the metric is scored on its level alone. Volatility is published as a diagnostic and does not enter the blend. Full formula on the methodology page.

Level · 2/3 weight

45bounds

Bounds: scored against fixed best/worst limits, used until a metric has about eight years of verified data to rank against.

Trend · 1/3 weight

0improving

Measured from the direction and size of the change between the two most recent readings.

Volatility · diagnostic, not blended

50

Provisional: fewer than four historical readings are available, so this defaults to a mid range score rather than a measured figure.

Data confidence and provenance

Confidence and source

0.70Medium0.70

How much weight to put on the reading, the mean data-confidence across the component metrics (source quality, recency and completeness).

Source

Office for Budget ResponsibilityIndependent

Economic and Fiscal Outlook

Update frequency
Biannual
Reliability
high
View source series ↗

Provenance

Provider
OBR
Series ID
headroom against the fiscal mandate
Frequency
annual
Accessed
13 June 2026

Known weakness

Highly model-dependent; OBR forecasts carry substantial uncertainty bands that are not reflected in the headline number, and rules themselves may be redefined.

Notes

Verified official value from OBR (headroom against the fiscal mandate), accessed 2026-06-13.

Historical values

History

PeriodValueRelative
202522