Proceeding contribution from Lord Sassoon (Conservative) in the House of Lords on Monday, 29 November 2010. It occurred during Debate on bill and Committee proceeding on Budget Responsibility and National Audit Bill [HL].
Budget Responsibility and National Audit Bill [HL]
I think that some noble Lords want to have it every which way. The fact is that within the mandate that the interim OBR is being given, it has felt it appropriate—and we welcome this—to set out forecasts for a wide range of things. It is not that these employment forecasts were not done before; it is just that the previous Government chose not to share them with the British public and the economic commentators. The 150-page document that has been put out today is the best indication that the OBR is not going to hold back on analysing and laying out the full background as it considers appropriate under the minimum forecast requirements set out in paragraph 4.10 of the charter. I suggest that we can take confidence from the fact that there is nothing that the OBR feels inhibited about in doing whatever is necessary to underpin the conclusions that it needs to come to on the fiscal mandate and in laying out the full forecast.
Secondary information
- Type
- Proceeding contribution
- Reference
- 722 c94-5GC
- Session
- 2010-12
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Audit Fiscal policy Economic situation Economic policy Forecasts Public expenditure Parliamentary scrutiny Public finance Office for Budget Responsibility
- Legislation
- Budget Responsibility and National Audit Bill (HL) 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 20:52:23 +0000
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