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| Budget Responsibility and National Audit Bill
[Lords]
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| [First and Second Sittings]
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| | (1) | the Committee shall (in addition to its first meeting at 10.30 am on Tuesday |
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| | (a) | at 4.00 pm on Tuesday 1 March; |
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| | (b) | at 9.00 am and 1.00 pm on Thursday 3 March; |
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| | (c) | at 10.30 am and 4.00 pm on Tuesday 8 March; |
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| | (2) | the proceedings shall be taken in the following order: Clauses 1 to 9; |
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| | Schedule 1; Clauses 10 to 20; Schedule 2; Clauses 21 and 22; Schedule 3; |
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| | Clauses 23 to 26; Schedules 4 and 5; Clause 27; Schedule 6; Clauses 28 to |
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| | 31; new Clauses; new Schedules; remaining proceedings on the Bill. |
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| | (3) | The proceedings on the Bill shall (so far as not previously concluded) be |
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| | brought to a conclusion at 7.00 pm on Tuesday 8th March. |
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| | That, subject to the discretion of the Chair, any written evidence received by the |
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| | Committee shall be reported to the House for publication. |
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| Clause 1, page 1, line 16, at end insert ‘within four weeks of this Act receiving |
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| Clause 1, page 1, line 16, at end insert— |
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| | ‘(4A) | Once the Charter has been laid before Parliament, the Treasury must hold a public |
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| | consultation on the Charter for a period of not less than 12 weeks before it is due |
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| Clause 1, page 2, line 4, at end insert ‘and by the House of Commons Treasury |
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| 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— |
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| | ‘(2A) | If the Treasury Select Committee determines that the Financial Statement and |
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| | Budget Report fail to conform with the provisions of the Charter, it may table a |
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| | motion in the House of Commons requiring the Chancellor of the Exchequer to |
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| | account for this failure.’. |
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| Clause 3, page 2, line 17, at end insert— |
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| | ‘(3) | The relationship between the Treasury, Office for Budget Responsibility and the |
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| | Bank of England shall be formalised in a Memorandum of Understanding agreed |
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| | by the three organisations and laid before Parliament within three months of this |
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| | Act receiving Royal Assent.’. |
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| Clause 4, page 2, line 20, at end insert ‘The Office shall also examine and report on |
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| the impact of Treasury policy on the duties of the Secretary of State under section 2 of the |
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| 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 |
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| the impartiality of the local government finance settlement as it is applied across local |
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| authorities in England.’. |
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| Clause 4, page 2, line 20, at end insert— |
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| | ‘(1A) | Sustainability will be defined in its reports by the Office and will include, but not |
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| | be limited to, consideration of public sector net borrowing, national debt, gross |
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| | domestic product, economic growth, employment and risks to UK finances.’. |
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| Clause 4, page 2, line 27, leave out ‘one occasion’ and insert ‘two occasions’. |
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| Clause 4, page 2, line 30, at end insert ‘over the next five years.’. |
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| Clause 4, page 2, line 37, at end add— |
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| | ‘(7) | The Office will take an active role in informing public debate on fiscal |
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| | sustainability and will convene a fiscal sustainability research committee of |
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| | interested authorities in the public and private sectors.’. |
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| Clause 5, page 3, line 3, leave out ‘(2) and (3)’ and insert ‘(2) to (4)’. |
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| Clause 5, page 3, line 8, at end add— |
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