---

Finance Bill

I am slightly puzzled by subsection (1B), which states:"““The Chancellor of the Exchequer shall publish a forecast based on the expected direction of international oil prices.””" That already happens. I have found six references to the oil price forecast in the financial statement and Budget report. It is one of the forecasts that is independently audited by the National Audit Office, and it reads directly through to the forecasts for North sea revenues and for hydrocarbon fuel duties, so I do not understand why the hon. Gentleman is proposing a new obligation to make a forecast.