We have gone into territory in this discussion that is well beyond the consistency of the Bill. Consistency is important and we of course want to get it right. I see no difficulty in there being an economic forecast, as provided for by Clause 4(3)(a), without there being a government statement in the charter on broader economic policy. I accept that there is a critical need for the OBR to make an economic forecast to underpin its assessment of the fiscal mandate, but I am still struggling to grasp the point on consistency.
Budget Responsibility and National Audit Bill [HL]
Proceeding contribution from
Lord Sassoon
(Conservative)
in the House of Lords on Monday, 29 November 2010.
It occurred during Debate on bills
and
Committee proceeding on Budget Responsibility and National Audit Bill [HL].
About this proceeding contribution
Reference
722 c99GC Session
2010-12Chamber / Committee
House of Lords Grand CommitteeSubjects
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