UK Parliament / Open data

Budget Responsibility and National Audit Bill [HL]

May I interrupt the noble Lord? I am totally puzzled now. The noble Lord uses the word ““requirement””. The people who comprise the OBR will not be idiots. They are going to be experts and qualified economists. Quite independent of what is in this Bill, if the forecasting is not working well, they will ask themselves why they got it wrong. There is no need for a requirement here unless you assume that a bunch of morons is going to be appointed to the OBR. If you get a forecast wrong, you immediately ask why you got it wrong. Why is there a need for a requirement to do something that would be a normal way of working?

About this proceeding contribution

Reference

723 c13-4GC 

Session

2010-12

Chamber / Committee

House of Lords Grand Committee
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