Proceeding contribution from Andrea Leadsom (Conservative) 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]

I am grateful to the hon. Lady for giving way again. On a point of clarification, the issue of multiple forecasts came up in the Treasury Committee review, and it was made clear that the OBR takes the Bank of England's monetary forecasts on interest rates and uses them as its own for its fiscal forecast, so there is no duplication or overlap. One is forecasting the state of interest rates and the other is stating the fiscal forecast.

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

Budget Responsibility and National Audit Bill [Lords]

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