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| Wednesday 20 January 2010 |
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| Fiscal Responsibility Bill
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| Clause 1, page 1, line 3, after ‘2016’, insert ‘the structural element of’. |
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| Clause 1, page 1, line 5, after ‘2014,’, insert ‘the structural element of’. |
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| Clause 1, page 1, line 14, at end add— |
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| | ‘(4) | The Chancellor of the Exchequer may, for the purpose of securing sound public |
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| | finances, by order made by statutory instrument disapply this section in relation |
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| | to any period of not more than one year beginning with the coming into force of |
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| | (5) | The Chancellor of the Exchequer must not make an order containing, with or |
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| | without other provision, any provision disapplying this section in relation to any |
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| | period unless a draft of the order has been laid before Parliament and approved |
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| | by a resolution of the House of Commons.’. |
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| Clause 1, page 1, line 14, at end add— |
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| | ‘(4) | This section shall not come in to force until the Treasury has laid before the House |
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| | of Commons a review of the accuracy of the projections of public sector net |
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| | borrowing contained within— |
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| | (b) | The Pre-Budget Report 2008, |
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| | (d) | The Pre-Budget Report 2009. |
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| | (5) | A review under subsection (4) is subject to approval by resolution of the House |
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| Clause 1, page 1, line 14, at end add— |
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| | ‘(4) | The initial duties as set out in subsections (1) to (3) above shall have no effect if |
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| | a Minister certifies at the end of each financial year that fiscal policy has been |
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| | conducted over the relevant period in accordance with section [Principles] and in |
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| | compliance with orders made under section [Duties for securing sound public |
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| Page 1, line 1, leave out Clause 1. |
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| | Clause Agreed to on division. |
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| Page 1, line 15, leave out Clause 2. |
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| Clause 3, page 2, line 21, leave out ‘duty in section 1(1)’ and insert ‘principles in |
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| Clause 3, page 2, line 25, at end insert— |
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| | ‘(1A) | A report made by the Treasury under subsection (1) above shall include a report |
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| | on progress towards compliance with the principle of transparency as set out in |
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| | the code for fiscal stability in fulfilling duties imposed by section 9 of the |
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| | Government Resources and Accounts Act 2000.’. |
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| Clause 3, page 2, line 27, leave out ‘duty in section 1(1) applies’ and insert |
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| ‘principles in section [Principles] apply’. |
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| Clause 3, page 2, line 29, leave out ‘duty relating to that financial year was’ and |
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| insert ‘principles were’. |
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| Clause 3, page 2, line 32, leave out ‘duty in section 1(1)’ and insert ‘principles in |
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| Clause 3, page 2, line 38, leave out ‘duty in section 1(1) was’ and insert ‘principles |
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| in section [Principles] were’. |
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| Clause 3, page 2, line 41, leave out ‘duty in section 1(3)’ and insert ‘principles in |
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| Clause 3, page 3, line 1, leave out subsection (6). |
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| Clause 3, page 3, line 9, at end insert— |
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| | ‘(7A) | The Treasury has a duty to ensure that independent advice is available to |
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| | Parliament on progress in compliance with the duties imposed under sections 1 |
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| | and 2, and to ensure that an annual report of such independent advice is made one |
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| | month before the Budget containing— |
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| | (a) | fiscal forecasts, including public sector net borrowing and public sector |
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| | (b) | short term forecasts of the state of public finances, including a best |
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| | estimate of all future and current liabilities of the Government; |
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| | (c) | a forward-looking judgement of the sustainability of the public finances, |
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| | including public sector net borrowing and public sector net debt; |
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| | (d) | conclusions and recommendations on progress made in meeting any |
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| | fiscal objectives arising as a result of the duties imposed under this Act |
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| | for securing sound public finances.’. |
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| Clause 3, page 3, line 9, at end insert— |
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| | ‘(7A) | Reports under subsection (7) above shall include an assessment of the extent to |
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| | which the principles contained in the code for fiscal stability of— |
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| | (a) | responsibility and efficiency in the use and management of public assets, |
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| | (b) | fairness in taking into account the financial effects on future generations |
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| | and the distributional impact on the current population |
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| | | have been reflected in the fulfilment of duties imposed by orders under section |
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| Clause 4, page 3, line 15, leave out subsections (2) and (3). |
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| Clause 4, page 3, line 16, leave out ‘duties in section 1’ and insert ‘principles in |
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| Clause 4, page 3, leave out line 22. |
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| Clause 5, page 3, line 28, after ‘expressions “’, insert ‘the structural element of’. |
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| | Negatived on division NC1 |
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| To move the following Clause:— |
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| | ‘(1) | This Act comes into force on such day as the Treasury may by order made by |
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| | statutory instrument appoint. |
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| | (2) | No such order may be made unless a draft of the statutory instrument containing |
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| | it has been laid before Parliament and approved by a resolution of the House of |
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| | (3) | No such draft may be laid until the Treasury has conducted a consultation on the |
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| | contents of this Act and laid before Parliament a report setting out a summary of |
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| | Creation of government expenditure website |
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| To move the following Clause:— |
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| | ‘(1) | The Treasury shall create, or cause to be created, a publicly searchable website |
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| | containing information about expenditure by all government departments and |
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| | (2) | Expenditure which derives, directly or indirectly, from the Scottish Consolidated |
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| | Fund or the Welsh Consolidated Fund is not covered by this Part. |
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| | (3) | Access to the information on the website must not be conditional on the payment |
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| | (4) | Information about expenditure by government departments or executive agencies |
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| | must be available on the website within 30 days of the date on which the |
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| | expenditure was incurred. |
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| | (5) | The information in subsection (4) must remain available for a period ending five |
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| | years after the end of the financial year in which the expenditure was incurred. |
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| | (6) | In this section “financial year” means the period of 12 months ending with 31 |
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| | Power of Treasury to extend website to expenditure by other bodies |
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| To move the following Clause:— |
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| | ‘(1) | The Treasury may by regulations require any body or person in the public sector |
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| | which receives funding directly or indirectly from a government department or |
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| | executive agency to provide information about its expenditure for inclusion on |
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| | the website in the same way as that required for government departments or |
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| | (2) | A person or body is in the public sector for the purposes of this section if the |
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| | Office for National Statistics classifies it to the public sector in the national |
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| | Power of Treasury to specify content and availability of website |
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| To move the following Clause:— |
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| | ‘(1) | The Treasury may by regulations specify the content and availablility of the |
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| | website required by section [Creation of government expenditure website] |
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| | including, but not limited to— |
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| | (a) | the times during which the website must be available for public access; |
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| | (b) | the nature of the information that must be made available; and |
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| | (c) | the use of classification or coding systems in order to facilitate analysis |
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| | (2) | The regulations may req uire different information to be made available for items |
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| | of expenditure above one or more specified thresholds.’. |
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| To move the following Clause:— |
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| | ‘(1) | This Part does not require information to be made available on the website if its |
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| | availability would, or would be likely to, prejudice— |
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| | (b) | the defence of the British Isles or of any colony; |
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| | (c) | the capability, effectiveness or security of the armed forces of the Crown |
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| | and any forces cooperating with those forces; or |
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| | (d) | relations between the United Kingdom and any other State, international |
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| | organisation or international court. |
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| | “international court” means any international court which is not an |
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| | international organisation and which is established— |
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| | (a) | by a resolution of an international organisation of which the |
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| | United Kingdom is a member, or |
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| | (b) | by an international agreement to which the United Kingdom is a |
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| | “international organisation” means any international organisation whose |
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| | members include any two or more States, or any organ of such an |
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| | “State” includes the government of any State and any organ of its |
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| | government, and references to a State other than the United Kingdom |
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| | include references to any territory outside the United Kingdom.’. |
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| To move the following Clause:— |
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| | ‘Nothing in this Part authorises the processing, obtaining, holding, use or |
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| | disclosure of information in contravention of the Data Protection Act 1998 (c. |
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| To move the following Clause:— |
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| | ‘(1) | Any power of the Treasury to make regulations under sections [Power of |
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| | Treasury to extend website to expenditure by other bodies] and [Power of |
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| | Treasury to specify content and availability of website] is exercisable by statutory |
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| | (2) | A statutory instrument containing regulations made by the Treasury under section |
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| | [Power of Treasury to extend website to expenditure by other bodies] must not be |
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| | made unless a draft of the instrument has been laid before, and approved by a |
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| | resolution of, each House of Parliament. |
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| | (3) | A statutory instrument containing regulations made under section [Power of |
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| | Treasury to specify content and availability of website] is subject to annulment in |
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| | pursuance of a resolution of either House of Parliament.’. |
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| | Establishment of an Office for Budget Responsibility |
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| To move the following Clause:— |
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