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Economic Situation

Volume 502: debated on Wednesday 16 December 2009

To ask the Chancellor of the Exchequer what assessment he has made of the effect of the introduction of a new independent body to undertake fiscal forecasts on interest rates. (305559)

As announced in the pre-Budget report, the Government have introduced a Fiscal Responsibility Bill to enhance the fiscal framework put in place in 1997, by increasing Parliament's role in debating and approving the Government's medium-term fiscal plans.