Office for Budget Responsibility (Manifesto Audits)

Stephen Mosley Excerpts

Wednesday 25th June 2014 Commons Chamber

[Mike Thornton]

That suggestion certainly has some merit. After the next election, when we have given—

[Stephen Mosley (City of Chester) (Con)]

It is not true that there are no independent organisations. The IFS and the Institute of Economic Affairs already carry out independent audits. There is no need to give the job to a statutory body, because independent bodies already exist to do it.

[Mike Thornton]

The IFS costed our proposals in 2010, and that is an eminently sensible approach. It can be argued, however, that the OBR is seen as very successful. I am glad that now all parties, instead of just one, think that it is a useful independent organisation.

We should look to do this after the next general election, when the OBR will have plenty of time and resources to do it properly without having to rush the job and hire people quickly. As we have noticed from what is happening to our IT today, when one tries to rush something and does not do it properly, it does not work properly. I commend the idea and philosophy to the House, but this needs to wait until after the next general election.