Tax Yields
Lords · Question HL12469 · Tabled 27 Nov 2025 · Treasury · Official record
Answered 11 Dec 2025
Question
Asked by Lord Wigley
To ask His Majesty's Government what recent assessment they have made of the annual reduction in taxation revenue due to the decision to leave the European Union.
Answer
Answered by Lord Livermore, 11 Dec 2025
The Treasury does not publish forecasts of the economy or the public finances. Forecasts of future tax receipts are produced by the Office for Budget Responsibility (OBR) as part of its Economic and Fiscal Outlook (EFO). The OBR has set out how the UK's e...