Office for Budget Responsibility (Manifesto Audits)

Viscount Thurso Excerpts

Wednesday 25th June 2014 Commons Chamber

[Ed Balls]

Of course, none of us is beyond reproach, including the OBR and including the Chancellor. The OBR has had a few rather sharp things to say about some of the Chancellor’s practices over the past few months as regards fiscal decision making. In the end, of course the voters have to decide; they have to look at the manifestos and make their judgment. In our view, if an independent body—the OBR—scrutinises the costings of individual proposals to check that they have been done properly, that can only be to the benefit of the public debate. Ultimately, it does not take away the voters’ choice, but why would we choose to have them misinformed or uninformed when we could have them properly informed? That is the choice before the House.

[John Thurso (Caithness, Sutherland and Easter Ross) (LD)]

Like the Chairman of the Treasury Committee, I fully support the principle, and if we can arrive at political consensus, I would be delighted. At the session from which my colleague on the Committee, the right hon. Member for Wolverhampton South East (Mr McFadden), quoted, Mr Chote put quite a lot of barriers and difficulties in place. At the end, he said that we should not rush this to arrive at an imperfect solution. Does the shadow Chancellor accept that if we cannot get it right, that is worse than doing nothing at all?