Budget Responsibility and National Audit Bill: second reading

09 November 2010

The Budget Responsibility and National Audit Bill received its second reading - a general debate on all aspects of the Bill - in the House of Lords on Monday 8 November

Lord Sassoon, Commercial Secretary to the Treasury, opened the debate.

The Bill aims to make a provision for a Charter for Budget Responsibility and for the Publication of Financial Statements and Budget Reports; to establish the Office for Budget Responsibility; to make provision about the Comptroller and Auditor General and to establish a body corporate called the National Audit Office; to amend Schedules 5 and 7 to the Government of Wales Act 2006 in relation to the Auditor General for Wales; and for connected purposes.

The date for the start of committee stage – line by line examination of the Bill – has yet to be confirmed.

Further information

The second reading of the Bill usually takes place two weeks after the first reading. The government Minister or a senior spokesperson in the Lords for the government department responsible for the Bill opens the debate. Second reading provides the first opportunity for Members of the Lords to discuss the purpose of a Bill and its main principles.

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