Proceeding contribution from Sheila Gilmore (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]
Clearly, I do not agree with that. These two analogies are interesting ones, in that they show the different viewpoints of the different sides of the House. They are both legitimate viewpoints, and it is right that we pull them out and have this debate, because there is not just one way of coming to a conclusion on what we should do. If the OBR is to develop in the future, one option is to look at different ways of arriving at the ends we all want. There is no suggestion, despite what Government Members say, that Labour Members think it right to run a very big deficit on an annual basis. We have never said that; we have said that we want to reduce the deficit. However, we differ with the Government over the speed at which that is done. That will determine all of these forecasts and where we go from there. If we have those different viewpoints, would it be helpful—other people might think it is not—for a truly independent OBR to be able to look slightly wider than the tramlines that the Government are setting down and about which we have heard so much? Should we be able to forecast only on that basis? It would be interesting to consider whether alternative policies could lead to a different and—I would hope—better outcome. I do not want to add anything else because I can see that some people here have somewhere far more interesting to go. I hope that some people receive red roses and chocolates tonight in celebration of the day.
Secondary information
- Type
- Proceeding contribution
- Reference
- 523 c777-8
- 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 14:58:19 +0000
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