Pre-Budget Report 2006

My Lords, I did not mean to intervene, but the noble Lord has a good read in front of him if that is the case. We did not say that we thought it the sole reason—or anything like that. Around paragraphs 21 to 23 the noble Lord will be able to see what we did say, which was that, for five years, the inadequate forecasting of the Treasury on GDP had contributed to some of the problems with which the Monetary Policy Committee had to deal.