Proceeding contribution from Angela Eagle (Labour) in the House of Commons on Monday, 14 February 2011. It occurred during Debate on bill on Budget Responsibility and National Audit Bill [Lords].
Budget Responsibility and National Audit Bill [Lords]
In order to fulfil its duties, the Bank of England produces its own forecasts, which do not always agree with what were previously Treasury forecasts and will now be OBR forecasts. There are also a number of independent forecasters out there with their own view of the situation. Forecasts range from optimistic to pessimistic, and those of us who watch these things learn to take account of them. Regarding OBR forecasts or forecasts of the Bank of England as statements of the unvarnished truth will quickly get us into difficulty.
Secondary information
- Type
- Proceeding contribution
- Reference
- 523 c758
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Fiscal policy Economic situation Economic policy Forecasts National Audit Office Public finance Public sector debt 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 14:58:38 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_715606
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