Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPTSC, Treasury Select Committee, Robert Chote, Office for Budget Responsibility, General Election

Costing of Pre-Election Policy Proposals

Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPTSC, Treasury Select Committee, Robert Chote, Office for Budget Responsibility, General Election
Costing of Pre-Election Policy Proposals

I was pleased that the Treasury Select Committee had the opportunity earlier today to question Robert Chote, Chairman of the Office for Budget Responsibility, about the capacity for the OBR to fully cost pre-election policy proposals from the main parties.

I fully appreciate Mr Chote’s position that whilst it would be technically possible for the OBR to get the necessary preparations in place ahead of the 2015 general election, it is much better to have as lengthy a lead time as possible in order to bring everything together. Indeed, I welcomed his agreement that bringing this forward so close to an election – with all the requirements for primary legislation, hiring of staff, establishment of processes, and so on – would be unwise.

I am grateful to Mr Chote for speaking to our Committee, and I look forward to seeing further details on this proposal in due course.

You can read the transcript of the TSC hearing here, and my questions are on pages 6 and 7. You can also watch me questioning Mr Chote below.

Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPTreasury Select Committee, UK Financial Investments Ltd, Robin Budenberg, James Leigh-Pemberton, RBS Group, Royal Bank of Scotland Group, Lloyds Banking Group, UKFI, TSC

Public Ownership of Banks

Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPTreasury Select Committee, UK Financial Investments Ltd, Robin Budenberg, James Leigh-Pemberton, RBS Group, Royal Bank of Scotland Group, Lloyds Banking Group, UKFI, TSC
Public Ownership of Banks
Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPTSC, Treasury Select Committee, Cabinet Secretary, Cabinet Office, Institute for Fiscal Studies, Chief Secretary to the Treasury, Chancellor of the Exchequer, Lord Turnbull, Budget, Spending Review, Departmental Expenditure Limits, Annually Managed Expenditure, Office for Budget Responsibility, Andrew Tyrie

Comprehensive Spending Review

Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPTSC, Treasury Select Committee, Cabinet Secretary, Cabinet Office, Institute for Fiscal Studies, Chief Secretary to the Treasury, Chancellor of the Exchequer, Lord Turnbull, Budget, Spending Review, Departmental Expenditure Limits, Annually Managed Expenditure, Office for Budget Responsibility, Andrew Tyrie
Comprehensive Spending Review
Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPQE, quantitative easing, Paul Fisher, Bank of England, Debt Management Office, Robert Stheeman, Treasury Select Committee, TSC, LIBOR, London Interbank Offered Rate, Financial Services Authority, FSA, FCA, Financial Conduct Authority

Quantitative Easing

Treasury Select CommitteeGuest UserOffice of the Rt Hon. Andrea Leadsom MPQE, quantitative easing, Paul Fisher, Bank of England, Debt Management Office, Robert Stheeman, Treasury Select Committee, TSC, LIBOR, London Interbank Offered Rate, Financial Services Authority, FSA, FCA, Financial Conduct Authority
Quantitative Easing