Sentences with phrase «budget responsibility»
New forecasts of growth and borrowing should be made by an independent Office for Budget Responsibility for this emergency budget.
politics.co.uk
«Based on the OBR's [Office of Budget Responsibility] latest forecasts, Scotland's fiscal position, relative to the UK, continues to worsen,» John McLaren, one of the economists who carried out the work, said.
At the time of the 2010 Spending Review, the Office for Budget Responsibility forecast that the deficit would fall to # 18bn in 2015 - 16.
Labour's manifesto, published last night, contains a commitment on its first page to a «Budget Responsibility Lock».
«Who does the OBR [Office for Budget Responsibility] say is hardest hit?
But the Office of Budget Responsibility estimate that austerity reduced GDP by 2 % between 2011 and 2013.
The first number below is what the Office for Budget Responsibility predicted at the time of the autumn statement, less than four months ago.
«While there was a lot of enthusiasm on the Conservative benches... when you sit down and read the Office of Budget Responsibility report, it read, frankly, like a book of doom.
Chancellor announces eye - catching measures including sugary drinks levy and tax cuts, but Office for Budget Responsibility warns of fiscal hole
But in his own budget, the Office for Budget Responsibility said that real earnings will continue to grow more slowly than GDP for every year in their forecast period, meaning that people's pay will continue to fall further behind the wealth of our economy.
Is it perhaps to do with the appointment of the IFS» Robert Chote to head up the Office of Budget Responsibility which occurred in September?
We knew the numbers from the Office for Budget Responsibility on growth and borrowing would be bad — they really were.
One very significant factor in the defeat here in Washington was that the state agency charged with budget responsibility put out an analysis that, as structured, the initiative was not revenue neutral, that it would blow a big hole in the state budget at a time when Washington is under court order to significantly increase spending on education.
We note with concern that neither the full coalition agreement nor the terms of reference set out for the new Office of Budget Responsibility makes any mention of the Equality Act 2010 or the statutory obligation within it for all public bodies — including the Treasury — to have due regard to reducing socio - economic inequalities.
The Office of Budget Responsibility found that if immigration was maintained at 140,000 a year, the national debt will reach 99 % of the entire economy in 50 years.
Leslie, the MP for Nottingham East, asked the prime minister a question about whether Osborne had unwisely squandered the # 27bn forecasting windfall he was handed by the independent Office for Budget Responsibility in November's autumn statement.
Responding to the accusation that the Coalition had been wrong to announce spending cuts and the Office of Budget Responsibility before Parliament had recovened: «I gently point out to the shadow Chancellor that in 1997, the Labour party announced its policy of Bank of England independence not to this place but outside it.
And he said the shadow education secretary was taking the fight to the Conservatives as the Office for Budget Responsibility prepares to unveil the growth and borrowing figures that will provide the statistical justification for tax rises and spending cuts in next week's Budget.
Party analysis says figures from Office for Budget Responsibility show the amount written off will jump from # 2bn in 2044 - 45 under loans capped at # 3,000
Soon he was convening regular weekly meetings of his management staff, assigning them line - item budget responsibility (which they had never had), and walking them through the P&L (which they had never seen).
He pitched it as a positive: «The central forecast we publish today from the independent Office for Budget Responsibility does not predict a recession here in Britain.»
In September 2010 the Chancellor of the Exchequer announced his intention to implement a system of «double - locking» for appointments to the Office for Budget Responsibility whereby the appointment and dismissal of senior staff could only proceed with the joint approval of government and parliament.
In his 2015 budget, chancellor George Osborne set out figures from the Office for Budget Responsibility looking at the proportion of # 743 billion in total managed expenditure for 2015 - 16 spent on different sectors.
Taken together, the Office for Budget Responsibility calculated his efforts would make approximately zilch difference to economic growth.
Elsewhere, the Office for Budget Responsibility stated that the Lifetime ISA was likely to push up the price of housing.
And yet he is the very man who refused Labour's request to have the Office of Budget Responsibility cost their plans.
That's been given short shrift by the Welsh Government which points out that the recent Charter for Budget Responsibility vote was designed to do just that.
The Office for Budget Responsibility indicated last year that cutting immigration to below 100,000 by 2020 would cost the government around # 8.7 bn a year by 2022.
The revelation follows an intervention by the Office for Budget Responsibility yesterday claiming that the coalition's immigration cap would make it much harder to cut Britain's budget deficit.
Mr Deputy Speaker, the forecast from the independent Office for Budget Responsibility today reminds us of the economic challenge at home and abroad.
In it, he said that the Office for Budget Responsibility took the decision to publish employment forecasts a day early, following the publication of this story in the Guardian, because the Guardian figures were misleading and the OBR wanted to correct those figures.
A 2012 HMRC assessment - which the Office for Budget Responsibility called «reasonable» - estimated that cutting the top rate from 50p to 45p would cost # 100m a year.
And the Official for Budget Responsibility only expects it to crawl back to 1.8 per cent in 2020.
Add one or two sentences that summarise the role in terms of its scope: area covered, number of staff, budget responsibility etc..
AREAS OF EXPERTISE * End - to - End Project Management PMI / PMBOK / PMP Methodologies Operations Mgmnt * Strategic Planning & Analytic Abilities P&L / Budget Responsibility Kaizen / Proc.
Manages expenses and department budget responsibilities effectively.
For those worried about the party's double - digit deficit on economic credibility — and the prospect of that getting wider with Jeremy Corbyn's uncosted commitments — the manifesto pledges Labour MPs to a «Budget Responsibility Lock» that guarantees that every Labour policy is paid for without the need for extra borrowing.
For example, the UK's Office of Budget Responsibility estimates that the MoD, after already implementing 40 % of necessary cuts, will see another 60 % needed (along with other non-ringfenced departments) over the course of the next ten years — a staggering amount.
However, more must be done to find solutions to the housing crisis and it is concerning that the Office for Budget Responsibility predicts there will be 14,000 fewer affordable homes built as a direct result of social housing rent cuts.
An Office for Budget Responsibility report prepared for the budget in March forecast unemployment will be higher throughout 2012 than it was at the beginning of this year.
An economist from the Office for Budget Responsibility warned banning migrants from claiming benefits would have little impact on slowing immigration.
In June 2010, the Office for Budget Responsibility forecast our economy would grow by 2.8 per cent this year.
But today a senior member of the Office for Budget Responsibility which advises George Osborne claimed it is «unlikely to have a huge impact on migration flows».
Conference also welcomes moves to put the Office of Budget Responsibility on a statutory footing, siting it outside the Treasury and subjecting the appointment of its Chair to approval by the Treasury Select Committee.
As the Office for Budget Responsibility puts it: «As in July, asset sales make the difference between debt rising and falling as a share of GDP in 2015 - 16.»