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657411

registered interest
date	12/12/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Office for Budget Responsibility
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the Written Answer by Lord Young of Cookham on 12 December (HL3687), whether they have made a separate assessment of the accuracy of the forecasts for the economy and public finances made by the Office for Budget Responsibility since 2010.
tabling member printed	Lord Grocott
uin	HL4044
answer	answer is ministerial correction date of answer 21/12/2016 answer text <p>The Budget Responsibility and National Audit Act 2011 requires the Non-executive members of the Office for Budget Responsibility (OBR) to commission an external review every five years, to examine the content and quality of the reports published by the OBR. To this end, the Page review was published in September 2014. HM Treasury published its own review of the OBR in 2015, building on evidence from the Page review.</p> answering member printed Lord Young of Cookham question first answered 21/12/2016 12:33:39 answering member 57 label Biography information for Lord Young of Cookham
tabling member	276 label Biography information for Lord Grocott

510249

registered interest
date	11/04/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Office for Budget Responsibility
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will publish an independent analysis of the economic forecasting record of the Office for Budget Responsibility, including an assessment of the accuracy of forecasting against free consensus expectations.
tabling member printed	Lord Myners
uin	HL7455
answer	answer is ministerial correction date of answer 25/04/2016 answer text <p>The Office for Budget Responsibility (OBR) already publish an assessment of the accuracy of their forecasts in their annual Forecast Evaluation Report (FER). This compares the latest outturn data for the economy and public finances with the OBR’s earlier forecasts, and aims to explain the differences. This assessment is required by the Budget Responsibility and National Audit Act (BRNAA); this provides self-discipline for the OBR, and maintains transparency and accountability around their forecasting.</p> answering member printed Lord O'Neill of Gatley question first answered 25/04/2016 15:20:38 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	3869 label Biography information for Lord Myners

510250

registered interest
date	11/04/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Office for Budget Responsibility
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government to what extent their fiscal strategy is influenced by Office for Budget Responsibility forecasts.
tabling member printed	Lord Myners
uin	HL7456
answer	answer is ministerial correction date of answer 25/04/2016 answer text <p>The Office for Budget Responsibility (OBR) was established to introduce independence, greater transparency and credibility to the economic and fiscal forecasts on which the government’s fiscal policy is based. Since 2010, the government has used the OBR’s economic and fiscal forecasts as the official forecasts. The government sets its fiscal strategy independently of the OBR but the forecasts are used to inform decisions on fiscal policy.</p> answering member printed Lord O'Neill of Gatley question first answered 25/04/2016 15:19:28 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	3869 label Biography information for Lord Myners

424490

registered interest
date	28/10/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Office for Budget Responsibility
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he plans to revise the Office for Budget Responsibility's (OBR) memorandum of understanding to permit the Government to request changes to OBR publications over and above factual comments on the presentation of analysis and forecasts; and if he will make a statement.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	13752
answer	answer is ministerial correction date of answer 05/11/2015 answer text <p>There are currently no plans to revise the memorandum of understanding (MoU) to permit the Government to request changes over and above factual comments on the presentation of analysis and forecasts. Were there to be any changes to the MoU these must be approved by all its signatories - HM Treasury, the Department for Work and Pensions, HM Revenue and Customs and the OBR.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 05/11/2015 15:27:51 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4473 label Biography information for Louise Haigh

418643

registered interest
date	14/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Office for Budget Responsibility
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the extent to which his Department has adhered to section 23 of the memorandum of understanding between the Office for Budget Responsibility and his Department; and if he will make a statement.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	10110
answer	answer is ministerial correction date of answer 21/09/2015 answer text <p>Ensuring an open and transparent working relationship between the Treasury and the OBR is supported by the jointly agreed Memorandum of Understanding (MoU), which the Treasury has always respected. This includes Section 23 of the MoU.</p><p> </p><p> </p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 21/09/2015 10:40:39 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4473 label Biography information for Louise Haigh