Archive for September, 2010
Everyone agrees the Office for Budget Responsibility (OBR) needs not only to be independent, but also be seen to be independent of government. Otherwise it fails the credibility test. The Treasury Select Committee has therefore concluded the only way of giving it that degree of independence is to make it a non-Ministerial department.
The coalition has, so far, worked much better than anyone could have predicted before May — thanks obviously to the harmonious lead of David Cameron and Nick Clegg but also to the initial work by the Conservative and Liberal Democrat negotiators and by Sir Gus O’Donnell and his team in the Cabinet Office.