Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Tuesday, 22 March 2011. It occurred during Debate on bill on Budget Responsibility and National Audit Bill [Lords].
Budget Responsibility and National Audit Bill [Lords]
I understand why the hon. Gentleman wants this provision, but I am not unsupportive. I am worried that he would conflate the work of the OBR with that of the Financial Policy Committee. We should remember that the FPC is charged with looking at the macro economy, which may well mean looking beyond monetary policy—the responsibility of the Monetary Policy Committee—and the macro-prudential. It might be able to look at the other aspects that he is expecting the OBR to look at, and that could muddy the waters even further. Does he see the potential for conflict between the OBR, with the role that he wants to set, and the FPC, with the role it is likely to have?
Secondary information
- Type
- Proceeding contribution
- Reference
- 525 c883
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Audit Budgets Fiscal policy Economic growth Powers Public expenditure National Audit Office Public finance Treasury Social policy 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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