Treasury - Fourth Report
Office for Budget Responsibility

---

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 16 September 2010.

Contents

Terms of Reference

Summary

1  Introduction

The Interim Office for Budget Responsibility

The work of the interim OBR

The current proposals for independent OBR

Independent forecasting

Independent Fiscal Councils

2  The tasks of the permanent OBR

Forecasting
What would successful forecasting look like?

Control of models and data

Frequency of forecasts

Sustainability Analysis

Commentary

3  Staffing and Resources

The dilemma

Core Staff

Challenge

Forecasters

Research functions

Staff numbers

Duplication

4  Independence

The Importance of Independence

Status

Structure

Appointment and dismissal

Finances and back-office support

Relationship with the civil service

Formalising the relationship

The role of the NAO

5  Conclusion

Legislative framework

Non statutory measures

The Committee's role

Success criteria

Conclusions and recommendations

Annex: Fiscal Councils overseas

Formal Minutes

Witnesses

List of written evidence from oral witnesses

List of additinoal written evidence

List of Reports from the Committee during the current Parliament

Oral and Written Evidence

Tuesday 20 July 2010

Thursday 22 July 2010

Written Evidence

---

---

Prepared 21 September 2010