Summary
We welcome the Chancellor's commitment to the provision
of a statutory veto over the appointment and dismissal of all
the members of the Budget Responsibility Committee, in line with
our previous recommendation.
We recommend that the Treasury ensure there is a
two month gap between announcing their recommendation for an appointment
to the Budget Responsibility Committee, and the proposed starting
date for that candidates, so as to allow adequate time for the
Treasury Committee to arrange hearings, and consider the candidature
properly.
We recommend that the Treasury remind applicants
to the Budget Responsibility Committee that all application materials
submitted to HM Treasury will be made available to the Treasury
Committee, on a confidential basis.
We are satisfied that Professor Stephen Nickell has
the professional competence and personal independence to be a
member of the Budget Responsibility Committee. We wish him every
success in his new role.
We are satisfied that Graham Parker has the professional
competence and personal independence to be a member of the Budget
Responsibility Committee. We wish him every success in his continuing
role.
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