OBR · Historical official forecasts database
Welfare spending forecasts
£314.8bnbillion
Welfare spending forecasts was £314.8bn in the year ending March 2025, up 6.2% (£18.4bn) from £296.4bn in the year ending March 2024.
▲ 6.2% · +£18.4bn against Year ending March 2024 (previous period)
- OBR count
- Year ending March 2025
- published 26 March 2026
- Total welfare
- row “Outturn data*”
- column “2024-25”
- cell value 314.75931821253016
Year ending March 2025 is the highest figure in the published series: £314.8bn. Rule: highest of the 15 periods published here (Year ending March 2011 to Year ending March 2025).
Year ending March 2011 to Year ending March 2025
What this measures
Total welfare spending in cash terms, inside and outside the welfare cap: the outturn as the OBR last knew it, with every official forecast for the same year.
What this doesn’t measure
Any single benefit, or the number of claimants.
Important caveat
Each forecast vintage uses the definitions and classifications in force when it was made, so the outturn the OBR shows beside it may differ from today's ONS series after later classification changes and revisions. The outturn row is the figure as the OBR knew it at its most recent forecast, not the latest ONS estimate. Forecasts before June 2010 were produced by HM Treasury, not the OBR. Fiscal series are financial years; economy series are calendar years. A forecast is a statement of uncertainty made at the time and is stored as an estimate; a miss is not evidence of misconduct.
Revision history
No period of this series has been revised since it was first ingested here. Revisions are recorded automatically when a later release publishes a different figure for the same period.
Source
- Publisher
- OBR
- Publication
- Historical official forecasts database
- Release
- Historical official forecasts database, March 2026, published 26 March 2026
- Source file
- obr-historical-forecasts-2026-03.xlsx
- File SHA-256
- e00b17cb7ec8dfddc4bfd4d212c1e93362147fff81d74a10480e599b26e634db
- Retrieved
- 3 September 2026
- Sheet
- Total welfare
- Table
- Total welfare
- Row
- Outturn data*
- Column
- 2024-25
- Cell value
- 314.75931821253016
- Geography
- United Kingdom
- Unit
- £ billion
- API
- /api/metrics/obr_forecast_welfare · /series · /vintages
Related metrics
Government periods
Change during each government, from the level inherited to the last complete period before it left office. Describes the period; does not attribute cause.
| Conservative 2019–2024 | £222.5bnYear ending March 2019 | £296.4bnYear ending March 2024 | ↑ 33.2% |
| Conservative 2017–2019 | £216.7bnYear ending March 2017 | £222.5bnYear ending March 2019 | ↑ 2.7% |
| Conservative 2015–2017 | £213.9bnYear ending March 2015 | £216.7bnYear ending March 2017 | ↑ 1.3% |
- Release
- Historical official forecasts database, March 2026 · publication page
- Last updated
- 26 March 2026
- Next release expected
- Not yet announced (estimated from the usual cadence)