Proposed Public Expenditure Cuts Debate

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Department: HM Treasury

Proposed Public Expenditure Cuts

Lord Tyrie Excerpts
Monday 13th September 2010

(14 years, 2 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I draw the hon. Gentleman’s attention to the central forecasts produced by the Office for Budget Responsibility, the Bank of England, the OECD and the European Commission. They forecast steady and sustainable growth over the coming period. I take the view—a view shared by quite a number of people who observe the British economy—that if we had not put in place, in the Budget, a credible plan to reduce the budget deficit, this country would be in an economic mess.

Lord Tyrie Portrait Mr Andrew Tyrie (Chichester) (Con)
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The Chancellor helpfully published, decile by decile, the distributional effects of a number of his measures in the Budget. But the exclusion from his analysis of a number of other measures has led to a lot of controversy about whether his Budget is progressive or regressive. Will he now commit to publishing in the comprehensive spending review a full analysis of all the measures in aggregate, decile by decile, so that we can see whether their effects will be progressive or regressive?