The Charter for Budget Responsibility establishes fiscal rules and accountability mechanisms that govern UK government spending and borrowing decisions. Led by HM Treasury, it sets out the framework for medium-term fiscal policy and is currently active, with recent work on reforming the spending control framework and introducing new fiscal rules through the Budget Responsibility Bill.
These Regulations bring section 1 of the Budget Responsibility Act 2024 (c. 24) (“the Act”) into force.
These Regulations bring section 1 of the Budget Responsibility Act 2024 (c. 24) (“the Act”) into force.
Second Reading 14:06:00 Moved by Baroness Kramer: That the Bill be now read a second time. Baroness Kramer (LD): My Lords, the Budget Responsibility and National Audit Act dates back to 2011 and the days of the coalition. It required …
First Reading 15:08:00 A Bill to amend the Budget Responsibility and National Audit Act 2011. The Bill was introduced by Baroness Kramer, read a first time and ordered to be printed.
Second Reading 11:36:00 Moved By Lord Myners: That the Bill be read a second time. The Financial Services Secretary to the Treasury (Lord Myners): My Lords, I am pleased to open the debate on the Fiscal Responsibility Bill. I intend …
First Reading 12:05:00 The Bill was read a first time and ordered to be printed.
Considered in Committee [Sir Alan Haselhurst in the Chair ] Clause 1 initial duties 13:35:00 Mr. David Gauke (South-West Hertfordshire) (Con): I beg to move amendment 1, page 1, line 3, after ‘2016’, insert ‘the structural element of’. The Chairman …
Second Reading Mr. Deputy Speaker (Sir Michael Lord): May I inform the House that Mr. Speaker has selected the amendment standing in the name of the Leader of the Opposition? 17:54:00 The Chancellor of the Exchequer (Mr. Alistair Darling): I …