Office for Budget Responsibility Forecasts Debate
Full Debate: Read Full DebateHarriett Baldwin
Main Page: Harriett Baldwin (Conservative - West Worcestershire)Department Debates - View all Harriett Baldwin's debates with the HM Treasury
(1 day, 7 hours ago)
Commons ChamberMy hon. Friend is right to point out that the OBR plays a critical role in the Budget process and an important role in the robust and transparent fiscal framework that underpins our approach in government. Indeed, the first Bill passed by this Government included the fiscal lock, which prevents the sidelining of the OBR that the previous Government did, causing chaos for people across this country.
The leak of the Office for Budget Responsibility’s economic and financial forecasts on Wednesday was obviously shocking, and it has rightly come up with a swift and complete report on how that happened. The partial information and the leaks from the Treasury over the many months in the run-up to the Budget were, in my opinion, equally shocking, and they caused real-life choices to be made in the economy and dampened confidence. Will the Chief Secretary to the Treasury therefore commit to an equally thorough and equally rapid leak report to be presented to this House?
As I said earlier, the Government take the Budget process and our responsibilities to this House very seriously. As the hon. Lady is aware, the permanent secretary has committed to keeping all aspects under review to ensure the integrity of the Budget process.