The Bill imposes a number of obligations on the Treasury to reduce government borrowing and debt. It allows the Treasury to impose further duties by order and requires that such an order be made for the period after 2015/16. The Bill requires the Treasury to report on progress towards, and compliance with, these obligations in future Budgets and Pre-Budget Reports.
This Bill was introduced to the House of Commons on 20 July 2009. It followed the publication in July 2007 of the Governance of Britain Green Paper which set out a broad programme of constitutional reform. In March 2008 the Government published the Draft Constitutional Renewal Bill and Constitutional Renewal White Paper. The draft Bill was scrutinised by a Joint Committee, with other committees reporting on aspects of the proposals.
The content of the Bill is different from that of the draft Bill in some significant ways. As well as clauses on the civil service, the ratification of treaties, judicial appointments and protest around Parliament which were contained in the draft Bill, the Bill includes new provisions on the House of Lords, the Comptroller and Auditor General and the National Audit Office, Human Rights claims against the devolved administrations and the transparency of financial reporting to Parliament. Clauses on the Attorney General, which had been in the draft Bill, are not in the Bill as introduced.
The 2009 Budget will be presented by the Chancellor on 22 April. This note provides background on recent developments and forecasts for the economy and public finances.
This note provides background to the Pre-Budget Report which will be delivered on 24 November. The note covers the outlook for the economy and public finances and the measures the Government may take to boost the economy.