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Budget Responsibility and National Audit Bill [Lords]

I think that demonstrates the value of the OBR. For the first time we shall have a set of entirely independent forecasts to which Members can refer. The hon. Lady has strayed on to the detail and implications of the policy, and I think that it is perfectly fair for her to do so. We have always said—I believe that Mervyn King, the Governor of the Bank of England, said the same last year—that the recovery would be choppy. It is not at all unusual for an economy emerging from recession, particularly a recession as long and severe as the one that we have undergone, to experience at least one instance of either flat or negative growth. I do not want to be called to order, Mr Deputy Speaker, so I shall move on. Let me simply say to the hon. Lady that she has confirmed my point that benefiting from independent forecasts for the first time will be key to holding a good-quality, informed political debate about the Government's economic policy and how it is progressing, and that the OBR has also said that we are on course to achieve our fiscal mandate.