Proceeding contribution from Chris Leslie (Labour) 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]
If the OBR is to do an adequate and holistic job in commenting on economic prospects, it surely needs the clear and explicit right to comment on employment policy, growth policy and so forth. My hon. Friend is absolutely right to raise the issue of employment and jobs. The most recent figures show that the jobseeker's allowance claimant rate is 8% of the population, which is a 17-year high, and a prediction of 2.6 million unemployed. Again, that is likely to be revised upwards by the OBR when it comments on the forthcoming Budget. My constituency, Nottingham East, symbolically passed the 10% claimant count rate, which is a very depressing milestone. For those reasons, and because long-term unemployment is increasing so quickly—it is up 24% in the last year—and more than one in five young people between the ages of 16 and 24 are out of work and on the dole, surely we need the charter for budget responsibility to include a growth mandate, and for the OBR to have the ability to assess the impact of the Treasury's polices on jobs and growth.
Secondary information
- Type
- Proceeding contribution
- Reference
- 525 c886-7
- 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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