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]
May I bring the hon. Gentleman back to the amendment for a second? I am sure he is not suggesting that the OBR should have any role in setting the fiscal mandate. I understand why he wants the consideration of growth to be part of its mandate, but the Treasury Committee stated that the OBR's commentary function"““should be one of informing public debate through disseminating better understanding of fiscal policy and long-term economic trends, identifying possible risks””" and so on. Those long-term trends would inevitably include growth. Although none of us would want the OBR to comment on individual policy measures, even the Government's response—I certainly do not defend them—states that the OBR would be"““examining and reporting on…the long-term impact of the Government's decisions.””" Again, that would include their impact on growth. Does the OBR not already have the ability that he is looking to give it?
Secondary information
- Type
- Proceeding contribution
- Reference
- 525 c885
- 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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