Tag Archives: office for budget responsibility

7 November 2019 – today’s press releases

  • Lib Dems are the party of real change, not Labour
  • Davey: OBR pulling public finances forecast “smacks of political interference”
  • Unite to Remain agreement will deliver Remain MPs across England and Wales
  • Davey: Tories and Labour writing promises on cheques that will bounce
  • UK growth prospects suffer as a result of Tory Brexit chaos
  • Brake: Labour offers nothing to the millions of people who voted Remain

Lib Dems are the party of real change, not Labour

Ahead of Labour’s unveiling of the slogan ‘it’s time for real change’ on their campaign bus, Chuka Umunna, Liberal Democrat Shadow Secretary for Foreign Affairs, said:

Jeremy Corbyn’s claim to

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To OBR or not to OBR? That’s the manifesto audit question

libdemmanifesto 2010 wordleEd Balls wants it. Danny Alexander seems pretty keen on it, too. What is ‘it’? Asking the independent Office for Budget Responsibility (OBR) to audit the manifestos of political parties.

On the face of it, that’s a good idea. Transparency’s a good thing and surely the public deserve to know as much as possible before we cast our once-in-five-years ballot which decides the next government? The case in favour is persuasively put by Giles Wilkes, until recently a special adviser to Vince Cable who has seen the …

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Immigration: a supply-side measure to boost growth the Tories fiercely oppose

I suggested at the weekend that there was one over-riding policy area where the Lib Dems and Conservatives agree more often that we disagree — the economy, and the need for deficit reduction — and that we should focus our combined energies on ‘reforming capitalism’. But of course there are also fundamental disagreements between the two Coalition parties on how best we can boost growth.

The Tories would prioritise implementing in full the ‘Beecroft proposals’ — including no-fault dismissal of employees — to make it easier for businesses to …

Posted in Op-eds | Also tagged , , and | 11 Comments

Opinion: A deficit is a deficit is a deficit… Or is it?

The Office for Budget Responsibility (OBR) is an independent body, created to help us hold the government to account. It’s their job to check the government clears the structural deficit within this parliament. So it’s pretty important that we understand what is meant by “structural deficit”.

But what exactly is the structural deficit?

The word “deficit” is bad enough. A lot of people confuse it with “debt”, and that’s not just in inadvertent typos. However, if you stop and think, it’s not so bad. ‘Debt’ is what we owe, and ‘deficit’ is how fast our debt is increasing.

The structural deficit isn’t so …

Posted in Op-eds | Also tagged | 19 Comments

More power to Parliament over the appointments to key posts?

More Parliamentary hearings before people are appointed to key posts could be on the way as the BBC’s Mark D’Arcy reports:

One of the areas where the Commons committee system has been quietly accumulating extra clout is over the appointments of key quangocrats, industry regulators and similar posts.

These are figures with enormous powers – and the pressure to legitimise them through some kind of parliamentary approval system has been building for quite a while.

Now MPs are trying to formalise their gains and set out an explicit system for approving them – both to probe their attitudes and priorities and to

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Nick Clegg on the scale of the economic challenge


Video of Nick Clegg’s speech to the Institute for Government also available here.

This morning Deputy Prime Minister Nick Clegg made a speech on the economy (above) at the Institute for Government, putting the case for cutting debt sooner rather than later. He said that the debt crisis in Europe and Labour’s “terrible legacy” necessitated urgent action:

The choices that were available to us just two months ago are no longer available. We have to take action now so that we can still be in control of our future.

This evening, Nick emailed Liberal Democrat members with this summary:

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Recent Comments

  • User AvatarJohn B 15th Nov - 8:11am
    Thanks for your comment, Jonathan. You may have been tongue in cheek, but many on LDV seem to have a naïve view about working with...
  • User AvatarJonathan Maltz 15th Nov - 12:48am
    John B: my comment was tongue-in-cheek. All Labour can offer given their well-known intransigence is to guarantee that the Tories will be the largest party...
  • User AvatarDavid Allen 14th Nov - 11:42pm
    Jo Swinson says that the party "must give voters a genuine remain option" in the election. Quite right. The problem is that the party is...
  • User Avatarcrewegwyn 14th Nov - 11:30pm
    Thanks Mark.
  • User AvatarGaryE 14th Nov - 11:04pm
    David makes a valid point for seats with few resources and low membership. If central funds can pay deposits then £500 pays for 15,000 A4...
  • User AvatarDavid Sheppard 14th Nov - 9:20pm
    Thanks Mark for thinking of those not so well packed full of Liberals places like mine. We have had to fund from our own meagre...