Treasury Committee Budget Reports

Budget 2010

The Committee held the following evidence sessions as part of its inquiry into the 2010 Budget. The Committee did not publish a report.

Written evidence

Monday 29 March - transcript

Witnesses: Mr Robert Chote, Director, Institute for Fiscal Studies; Mr Martin Weale CBE, Director, National Institute of Economic and Social Research, Mr Alan Clarke, Economist, BNP Paribas and Mr Simon Hayes, Chief UK Economist, Barclays Capital; Mr Robert Chote, Director, Institute for Fiscal Studies, Mr John Whiting OBE, Tax Policy Director, Chartered Institute of Taxation, Mr Ian McCafferty, Chief Economic Advisor, CBI, Ms Francesca Lagerberg, Head of Tax, Grant Thornton LLP and Professor Colin Talbot, Manchester Business School; Mr Dave Ramsden, Chief Economic Adviser, Mr Edward Troup, Managing Director, Budget, Tax and Welfare, and Mr Andrew Hudson, Managing Director, Public Services and Growth, HM Treasury

Tuesday 30 March - transcript

Witnesses: Rt Hon Alistair Darling MP, Chancellor of the Exchequer, Mr Dave Ramsden, Chief Economic Adviser, Mr Mark Bowman, Director, Budget and Tax, and Mr Andrew Hudson, Managing Director, Public Services and Growth, HM Treasury


Pre-Budget Report 2009

Treasury Committee calls for more clarity on plans to reduce structural deficit

The Committee held three evidence sessions with: independent experts, HM Treasury officials and the Chancellor of the Exchequer. The Committee acknowledged that deciding the right time for fiscal consolidation requires making a fine judgement about the resilience of the recovery. There is currently considerable uncertainty in the economic outlook; and any fiscal consolidation will have to function in that context. It may be difficult for any current consolidation plan to command universal support. It will therefore be very important to add greater detail and clarity to the plan sooner rather than later.

Report | Press notice | Government Response


Budget 2009

The Committee called for clarity from the Government as to how, amidst the current economic difficulties, it plans to meet its commitment to halve child poverty by 2010-11. It also raised doubts about the official growth forecasts and urged the Government to restore credibility with regard to the public finances through greater accountability to Parliament and the public.

Report | Press Notice | Government Response


Pre-Budget Report 2008

The Committee called for the Government to do more to ease the flow of credit. The Committee's report on the 2008 Pre-Budget Report highlighted the lack of bank lending as "the single most critical problem for the economy in the near term."

Report | Press Notice | Government Response


Budget 2008

The Committee cautioned that the Treasury may have given insufficient weight to the risks of continued financial market turbulence in making its forecasts for economic growth.

Report | Press Notice | Government Response


Pre-Budget Report 2007

The Committee recomended that the Pre-Budget Report should be largely consultative in nature, and should retain its focus on consultation on fiscal measures.

Report | Press Notice | Government Response


Budget 2007

The Committee concluded that a "significant improvement" during the period of the Comprehensive Spending Review will be needed for the Government to meet its target for halving child poverty over the next four years.

Report | Press Notice | Government Response


Pre-Budget Report 2006

The Committee recommended that low income families need to receive more short-term cash aid if the Government is to meet its targets on child poverty.

Report | Press Notice | Government Response