Lord Taylor of Warwick – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Taylor of Warwick on 2016-10-10.

To ask Her Majesty’s Government, in the light of comments by Kristin Forbes, a member of the Bank of England’s Monetary Policy Committee, on possible over-counting of the economic effects of Brexit, what assessment they have made of the Bank of England’s growth forecasts.

Lord Young of Cookham

The government has produced no such assessment of the independent Monetary Policy Committee’s forecasts for the UK economy.

The independent Office for Budget Responsibility (OBR) has the responsibility to produce detailed forecasts for the economy and public finances twice a year. The OBR will produce forecasts to accompany the Autumn Statement on 23 November.