Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Wednesday, 28 July 2010.

Budget Responsibility Committee

Question: To ask Her Majesty’s Government whether any restrictions will be placed on members of the Budget Responsibility Committee working in the hedge fund or investment banking sector immediately upon their retirement from the Committee.

Answer: The letters of appointment for the interim Budget Responsibility Committee (BRC) have been published on the Treasury’s website and are available at http://www.hm-treasury.gov.uk/foi_obrposts.htm. These letters contain clauses governing the management of conflicts of interest. The specific arrangements for Sir Alan Budd upon his departure from the Office for Budget Responsibility (OBR) are set out in an exchange of letters between Sir Alan Budd and Sir Nicholas Macpherson, available on the OBR’s website at http://budgetresponsibility. independent.gov.uk/.

Secondary information

Type: Written question
Reference: 1641; 720 c359WA
Session: 2010-12
Subjects: Business interests Financial services Public appointments Budget Responsibility Committee
Link: View this Written question on www.publications.parliament.uk