---

Budget Responsibility and National Audit Bill [Lords]

I thank my hon. Friend for generously giving way a second time. The reason for exploring the issue is in this ““charter””—this grandiose term—set out before Parliament. Chancellors might change their point of view, perhaps sensibly, if they look at the real economy, but how hamstrung will a Chancellor be in the future if some back-dated charter has been agreed but is itself too restrictive and requires change? Is not the measure before us rather a stranglehold—purely presentational—that could come to haunt this or future Chancellors?