Office for Budget Responsibility Forecasts Debate
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Rachael Maskell
Main Page: Rachael Maskell (Labour (Co-op) - York Central)Department Debates - View all Rachael Maskell's debates with the HM Treasury
Office for Budget Responsibility Forecasts
Rachael Maskell Excerpts(1 day, 6 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
James Murray
I have a great deal of personal respect for the hon. Gentleman, but I take a different view of the OBR. We value the role of the OBR in a robust and transparent fiscal framework, and it is precisely because we value that role that we take last week’s breach of information so seriously.
Rachael Maskell (York Central) (Lab/Co-op)
To bring to a conclusion the ensuing debate about who knew what and when, does my right hon. Friend agree that he should publish a detailed timetable of the economic information that the Chancellor was in receipt of, including the return on tax receipts and the impact on wage growth?
James Murray
As my hon. Friend knows, the OBR has already published its forecasts at various rounds during the Budget process. The process is iterative between the Treasury and the Office for Budget Responsibility. I am sure my hon. Friend welcomes the fact that in the Budget, we cut the cost of living, cut NHS waiting lists and cut Government borrowing.