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Press Release

Press Releases

NEWS RELEASE - Osborne to face Treasury Select Committee scrutiny over Budget

Commenting on today's Budget, the Chairman of the Treasury Select Committee, Andrew Tyrie MP, said:

 "The Chancellor of the Exchequer, along with the OBR and various experts, will next week appear before the Treasury Select Committee to allow for further scrutiny of today's Budget statement and the figures and policies announced in it."

 On taxation

 "Tax reform will play a crucial role in securing economic recovery.

 "In a report published in March 2011, the Treasury Select Committee set out 6 principles against which the UK's tax policy should be measured. It should be fair, support growth and encourage competition, provide certainty and stability and be both practicable and coherent.

 "In his speech, George Osborne has endorsed much of the Committee's approach.

 "The task now will be for the Treasury Committee, in collaboration with leading tax and accounting experts, to assess whether the measures in the Budget take us towards these principles."

 On Leaks

 "In its report on the Budget 2011, the Treasury Committee said "we deprecate both leaks, and any advance briefing. Such activities are corrosive of good government."

"The Committee will examine this year's Budget in light of our earlier conclusions on pre-Budget press coverage."

 

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