» Monday, June 14, 2010

Office for Budget Responsibility

Asked for the Prime Minister’s view on former Chancellor Alistair Darling’s demands for an apology regarding borrowing figures, the PMS said that the Office for Budget Responsibility (OBR) had published their report this morning, which showed that the structural deficit was larger than previously believed. This meant that we would have to do more to close the gap.

Asked why we were having a forecast now ahead of the Budget, the PMS said that providing a forecast before the Budget provided clarity about the economic situation, against which those Budget judgements would be taken.

Asked if there would be a regular forecast ahead of the Budget in the future, the PMS said that in terms of future Budget and OBR timings it was best to speak to the Treasury.

Put that the OBR could be easily influenced as it had been set up by the Government, the PMS said that the OBR was independent and there would be legislation in due course, which would set it up on a statutory basis.

original source.

Briefing took place at 10:00 | Search for related news

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