Budget Responsibility Act 2024

Commons bill Government Bill 2025-26 Act of Parliament

Passed β€” Royal Assent 10 September 2024
Sponsor
Rachel Reeves (Labour)
+ 1 co-sponsor
  • Lord Livermore (Labour)
Introduced
18 July 2024
Royal Assent
10 September 2024
About this bill

A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.

Parliamentary stages

Stages shown in blue link to the debate transcript. Not sure what these stages mean? How Parliament makes laws β†’

Commons
βœ“ First reading 18 Jul 2024
βœ“ Second reading 30 Jul 2024β†—
βœ“ Programme motion 30 Jul 2024
βœ“ Money resolution 30 Jul 2024
βœ“ Committee of the Whole House 4 Sep 2024β†—
βœ“ Third reading 4 Sep 2024β†—
Lords
βœ“ First reading 5 Sep 2024
βœ“ Second reading 9 Sep 2024β†—
βœ“ Committee Negatived 9 Sep 2024β†—
βœ“ Third reading 9 Sep 2024β†—
Final stages
βœ“ Royal Assent 10 Sep 2024

Some stage debates occurred before our Hansard archive begins (May 2025). Links marked β†— go to Parliament's own Hansard for that date.

Parliamentary information from bills.parliament.uk β†—, licensed under the Open Parliament Licence v3.0. Explanatory Notes extracts are verbatim from Parliament's published documents.

What this bill is about

From the Explanatory Notes (September 2024):

1 The Budget Responsibility Bill seeks to ensure that fiscal announcements in respect of fiscally significant measures made by the Government are subject to an independent assessment by the Office for Budget Responsibility (OBR). It would achieve this by requiring the OBR to produce an assessment of the fiscal impacts of fiscally significant measures, without a request from HM Treasury if necessary.
Read the full Explanatory Notes β†—