Office of Budget Responsibility



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How do we cut public spending?

TalkCarswell.com (Free subscription) | 11/22/2009

... this problem; one promising to delegate some of the task of restraint to a quango – the Office of Budget Responsibility. Labour want an Act of Parliament to provide the necessary discipline. May be. Perhaps instead we need a radically different approach. If the executive cannot be relied upon to keep it’s appetite for public money in check, why not get our elected...

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IFS calls for 'honest' forecasting

The Telegraph (Free subscription) | 11/12/2009

Robert Chote, the Institute's director, said the Conservatives' suggestion of an Office of Budget Responsibility (OBR), which would work in parallel with the Treasury, would be one possible solution. He said an independent body would help to keep the Government's borrowing costs low by providing a credible path for the public finances.