Budget Responsibility and National Audit Bill [HL]

The Bill establishes the Office for Budget Responsibility (OBR) on a statutory basis, following its creation after the general election of 2010. It also requires the Treasury to publish a Charter for Budget Responsibility setting out its approach to fiscal policy. The Bill would also confirm a new corporate governance structure for the National Audit Office, under a new paid post of Chair, who would develop a joint strategy with the Comptroller and Auditor General.