The latest update of our forecasts was published on 6 March 2024 in the March 2024 Economic and fiscal outlook. Read the Executive summary for the key messages of our forecast or the full report on our website. Chapter 2 sets out our forecasts for the economy over a five-year horizon. We cover our latest...| Office for Budget Responsibility
Inheritance tax (IHT) is levied on the value of all the assets in an individual’s estate on death, after deducting any liabilities, exemptions and reliefs. Assets left to a spouse or civil partner of the deceased are usually exempt, as are assets left to a charity. In 2025-26 we forecast that IHT will raise £9.1...| Office for Budget Responsibility
The latest update of our forecasts was published on 26 March 2025 in the March 2025 Economic and fiscal outlook. Read the Executive summary for the key messages of our forecast or the full report on our website. Chapter 2 sets out our forecasts for the economy over a five-year horizon. We cover our latest...| Office for Budget Responsibility