OBR chairman Robert Chote, pictured in 2011
Media playback is unsupported on your device
Video

Autumn Statement: Office for Budget Responsibility briefing

Following Chancellor George Osborne's Autumn Statement, the Office for Budget Responsibility (OBR) publishes its latest Economic and Fiscal Outlook (EFO).

The EFO will include medium-term forecasts for the UK economy and public finances and an assessment of whether the government is on course to meet the medium-term objectives it has set itself.

The OBR is an advisory non-departmental public body that provides independent economic forecasts as background to the preparation of the UK budget.

Go to next video: Why won't the deficit shrink?