I do not quite agree with my noble friend Lord Higgins on this. In particular, the prohibition in Amendment 7 on the Treasury making economic forecasts does not appear realistic. I know that we are concerned that there will be a recreation of the functionality that has now been transferred from the Treasury to the OBR, but the plain fact is that the Treasury has to consider whether to accept the forecasts. It may wish to disagree and, if it cannot do its own forecasts, how is it going to deal with that position? This is a very difficult area but I do not think that it would be right to legislate in this way.
My noble friend’s Amendment 38 made me look at Clause 8. This is a small point but I should be grateful for my noble friend’s comments. He suggested that the OBR need not send a copy of its report to the Treasury. Can he explain how this quango lays a document before Parliament? Does it not normally go through a government department to Parliament? It was always my understanding that documents were laid via Ministers, although I may be wrong.
Budget Responsibility and National Audit Bill [HL]
Proceeding contribution from
Baroness Noakes
(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
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2010-12Chamber / Committee
House of Lords Grand CommitteeSubjects
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