Queen backs independent fiscal agency
The Queen's speech 2010 has outlined addressing the budget deficit as the key issue for the coming year, with the formation of a new ‘Office for Budget Responsibility’ seen as a measure to address the UK’s £6bn deficit.
The independent fiscal agency will be chaired by Sir Alan Budd, and will operate on an interim basis for the first budget, supported by a civil service secretariat.
The Budget Responsibility Committee
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