Title page
Contents
Executive Summary 5
1. Economy and public finances 9
2. Policy decisions 25
3. Productivity 29
4. Tax 39
5. Public spending 47
A. Financing 51
B. Welfare cap 55
C. OBR's Economic and fiscal outlook: selected tables 57
List of abbreviations 65
Table 1. Autumn Statement 2016 policy decisions 7
Table 1.1. Summary of the OBR's central economic forecast (percentage change on a year earlier, unless otherwise stated) 13
Table 1.2. Changes to the OBR forecast for public sector net borrowing since Budget 2016 16
Table 1.3. Overview of the OBR's borrowing forecast as a percentage of GDP 18
Table 1.4. Overview of the OBR's debt forecast as a percentage of GDP 18
Table 1.5. Total Managed Expenditure (unless otherwise stated) 21
Table 1.6. New welfare cap (unless otherwise stated) 22
Table 1.7. Financial transactions from 2016-17 to 2021-22 22
Table 2.1. Autumn Statement 2016 policy decisions 26
Table 3.1. National Productivity Investment Fund 30
Charts
Chart 1.1. International comparison of GDP 10
Chart 1.2. Employment rate and unemployment rate 11
Chart 1.3. Cylically-adjusted public sector net borrowing from 2009-10 to 2021-22 19
Chart 1.4. Public sector debt from 2009-10 to 2021-22 19
Annex Tables
Table A.1. Financing arithmetic in 2016-17 53
Table A.2. Illustrative gross financing requirement 53
Table B.1. Benefits and tax credits in scope of the welfare cap 55
Table C.1. Detailed summary of forecast 58
Table C.2. Fiscal aggregates 59
Table C.3. Changes in public sector net debt since March 60
Table C.4. Public sector net borrowing since March 61
Table C.5. Current receipts 62
Table C.6. Total managed expenditure 63