(9 years ago)
Lords ChamberMy Lords, the purpose of the amendment was to draw attention not just to the question of information but to the validation of that information—the quality of it and the trust that people can put in it. One point on which I can agree with the noble Lords, Lord Forsyth and Lord Blencathra, is that the information should be symmetrical, but I fear that the way that the debate will go is that the Government will negotiate a series of changes and will want to come back and tell people that they are good and sufficient. So I think that we will hear rather more about the benefits of staying in and not enough about the effects—I will not say “dangers” or “fears”—of going out. Symmetry is the first principle and validation is the second. There may be objections to using the OBR but, whatever the Government produce, and I welcome this proposal, they will have to answer the question of how we make people believe that the analysis is authoritative and technical. I see that the noble Lord, Lord Forsyth, wishes to intervene. The purpose of the analysis is to help people to make up their mind; it is not to offer them judgments.
I appreciate that people are thinking about the dinner break, but will the noble Lord just reflect on when we last tried this? It was when the Scottish Government produced their White Paper on the referendum. The assumption was that the oil price would be $110. Is he not concerned about that experience?
The noble Lord keeps using the word “forecast”. I do not see these as forecasts; they are analyses based on different assumptions, the purpose of which would be to draw out for people the complexity of the situation and the number of variables in play, and to draw attention to aspects that they may not have thought of. The idea that the OBR would produce a single forecast that could be falsified simply on the basis of one variable is wrong.
I return to the fact that there is to be a response from the Government. I think that we should wait for that but I hope that it will address how this work can be done by government, even if it does not use institutions outside government, in such a way that people can have the greatest faith in it.