1 Introduction
Our inquiry
1. The Autumn Statement was delivered by the Chancellor
on Wednesday 5 December 2013, and the Economic and fiscal outlook
was published by the Office for Budget Responsibility (OBR) on
the same day. In examining the policies and forecasts presented
in these documents, the Treasury Committee held four oral evidence
hearings, during which we took evidence from six panels of witnesses
as follows:
Monday 9 December 2013: Office for Budget Responsibility
Robert Chote, Chairman, Graham Parker, Member, and
Professor Stephen Nickell, Member, Budget Responsibility Committee.
Tuesday 10 December 2013: City Economists
Brian Hilliard, Chief UK Economist, Société
Générale, Alan Clarke, Director, Fixed Income Strategy,
Global Banking and Markets, London, Scotiabank, and Melanie Baker,
Vice President, UK Economics, Morgan Stanley.
Thursday 12 December 2013: HM Treasury
Rt Hon George Osborne, Chancellor of the Exchequer,
and Mr James Bowler, Director for Strategy, Planning and Budget
Tuesday 17 December 2013: Experts and interested
parties
First Panel: Paul Johnson,
Director, and Carl Emmerson, Deputy Director, Institute for Fiscal
Studies;
Second Panel: Paul Smee,
Director General, Council of Mortgage Lenders;
Third Panel: Stephen Glaister,
Director, RAC Foundation, and Peter Atherton, Equity Research,
Liberum Capital.
We have also made use of oral evidence into the Bank
of England Monetary Policy Committee's November 2013 Inflation
Report, given on 26 November 2013. The Committee is grateful to
all those who gave their time to provide oral evidence to us,
in some cases at short notice.
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