| | | | | | | | | | | | | | | | | | | Thursday 24 February 2011 |
| | | | | | Budget Responsibility and National Audit Bill |
| | | | | | | | | | | | | Clause 31, page 10, line 13, leave out subsection (2). |
| | | | | | | | | | | | | Clause 1, page 1, line 16, at end insert ‘within four weeks of this Act receiving |
| | | | | | | | | | | | | | | | Clause 1, page 1, line 16, at end insert— |
| | | | ‘(4A) | Once the Charter has been laid before Parliament, the Treasury must hold a public |
| | | | consultation on the Charter for a period of not less than 12 weeks before it is due |
| | | | | | | | | | | | | | | | | Clause 1, page 2, line 4, at end insert ‘and by the House of Commons Treasury |
| | | | | | | | | | | | | | | | Clause 1, page 2, line 6, at end add ‘and by the House of Commons Treasury Select |
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| | | | | | | | | | | | | | | | | | | | | | | Clause 2, page 2, line 11, at end insert— |
| | | | ‘(2A) | If the Treasury Select Committee determines that the Financial Statement and |
| | | | Budget Report fail to conform with the provisions of the Charter, it may table a |
| | | | motion in the House of Commons requiring the Chancellor of the Exchequer to |
| | | | account for this failure.’. |
| | | | | | | | | | | | | Clause 3, page 2, line 17, at end insert— |
| | | | ‘(3) | The relationship between the Treasury, Office for Budget Responsibility and the |
| | | | Bank of England shall be formalised in a Memorandum of Understanding agreed |
| | | | by the three organisations and laid before Parliament within three months of this |
| | | | Act receiving Royal Assent.’. |
| | | | | | | | | | | | | Clause 4, page 2, line 20, at end insert— |
| | | | ‘(1A) | Sustainability will be defined in its reports by the Office and will include, but not |
| | | | be limited to, consideration of public sector net borrowing, national debt, gross |
| | | | domestic product, economic growth, employment and risks to UK finances.’. |
| | | | | | | | | | | | | Clause 4, page 2, line 27, leave out ‘one occassion’ and insert ‘two occasions’. |
| | | | | | | | | | | | | Clause 4, page 2, line 30, at end insert ‘over the next five years.’. |
| | | | | | | | | | | | | Clause 4, page 2, line 37, at end add— |
| | | | ‘(7) | The Office will take an active role in informing public debate on fiscal |
| | | | sustainability and will convene a fiscal sustainability research committee of |
| | | | interested authorities in the public and private sectors.’. |
| | | | | | | | | | | | | Clause 4, page 2, line 20, at end insert ‘The Office shall also examine and report on |
| | | the impact of Treasury policy on the duties of the Secretary of State under section 2 of the |
| | | Child Poverty Act 2010.’. |
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| | | | | | | | | | | | | | | | | | | | | | | Clause 4, page 2, line 20, at end insert ‘The Office shall also examine and report on |
| | | the impartiality of the local government finance settlenment as it is applied across local |
| | | | | | | | | | | | | | | | Clause 5, page 3, line 8, at end add— |
| | | | ‘(4) | The Office shall include in each of its publications full details of contact with |
| | | | Treasury Ministers and Treasury officials since its most recent previous |
| | | | | | | | | | | | | | | | | Clause 5, page 3, line 3, leave out ‘(2) and (3)’ and insert ‘(2) to (4)’. |
| | | | | | | | | | | | | Clause 6, page 3, line 13, at end insert— |
| | | | ‘(1A) | Such guidance shall not prevent the Office from preparing any forecasts, |
| | | | assessment or analysis at a time of its choosing.’. |
| | | | | | | | | | | | | Clause 9, page 3, line 32, leave out ‘(at any reasonable time)’. |
| | | | | | | | | | | | | Clause 9, page 3, line 33, leave out ‘reasonably’. |
| | | | | | | | | | | | | Schedule 1, page 11, line 13, at end insert ‘, with the approval of the House of |
| | | Commons Treasury Select Committee.’. |
| | | | | | | | | | | | | Schedule 1, page 11, line 18, at end add— |
| | | | ‘(3) | At least one person appointed under sub-sub-paragraphs (1)(b) or (c) shall not be |
| | | | an economist, but have experience in public finances, accountancy and fiscal |
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| | | | | | | | | | | | | | | | | | | | | | | Schedule 1, page 11, line 20, leave out ‘5’ and insert ‘3’. |
| | | | | | | | | | | | | Schedule 1, page 11, line 23, leave out ‘5’ and insert ‘3’. |
| | | | | | | | | | | | | Schedule 1, page 12, line 16, at end insert ‘and approved by the House of |
| | | Commons Treasury Select Committee.’. |
| | | | | | | | | | | | | Schedule 1, page 12, line 23, at end insert— |
| | | | ‘(1A) | The Treasury shall review the remuneration of the members of the Office |
| | | | annually and publish its reasons for its determination.’. |
| | | | | | | | | | | | | Schedule 1, page 12, line 29, leave out from ‘a’ to end of line 30 and insert |
| | | ‘compensation payment to the person in accordance with sub-paragraph (3). |
| | | | | | | | | | | | | Schedule 1, page 12, line 30, at end insert— |
| | | | ‘(3) | The Office may make a payment to the person of an aggregate amount of |
| | | | compensation benefits, not to exceed— |
| | | | (a) | in the case of a compulsory severance, am amount equal to that person’s |
| | | | pensionable earnings for 12 months; or |
| | | | (b) | in the case of a voluntary severance, an amount equal to that person’s |
| | | | pensionable earnings for 15 months.’. |
| | | | | | | | | | | | | Schedule 1, page 12, line 33, at end insert ‘with the consent of the House of |
| | | Commons Treasury Select Committee.’. |
| | | | | | | | | | | | | Schedule 1, page 13, line 21, at end insert— |
| | | | | | | | 7A | The Office and its employees will not be located in the Treasury.’. |
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| | | | | | | | | | | | | | | | | | | | | | | Schedule 1, page 13, line 28, at end insert— |
| | | | ‘(3A) | The Staff must be employed solely by the Office, and not be seconded to or from |
| | | | | | | | | | | | | | | | | Schedule 1, page 14, line 13, at end insert— |
| | | | ‘(3) | The Budget Reponsibility Committee and all sub-committees established under |
| | | | paragraph 10 will publish the minutes of all their meetings.’. |
| | | | | | | | | | | | | Schedule 1, page 15, line 18, leave out ‘5’ and insert ‘3’. |
| | | | | | | | | | | | | Schedule 1, page 15, line 40, leave out ‘5’ and insert ‘3’. |
| | | | | | | | | | | | | Schedule 1, page 15, line 41, leave out ‘5’ and insert ‘3’. |
| | | | | | | | | | | | | Schedule 1, page 16, line 1, leave out ‘5’ and insert ‘3’. |
| | | | | | | | | | | | | Schedule 1, page 16, line 7, at end insert— |
| | | | ‘(3) | The Treasury’s decisions on payments and the budgets for the operations of the |
| | | | Office shall be subject to the approval of the House of Commons Treasury Select |
| | | | | | | | (4) | The Office’s budget will be published annually.’. |
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