The Office of Budget Responsibility
The Office of Budget Responsibility or OBR may well turn out to be one of the lasting ideas of the Coalition Government.
It is supposed to be independent, and lets hope it stays that way!
But isn’t it in a way, exactly the same as any business having an external set of auditors to check what it is doing?
After all, the biggest failures in business are often ones where a bully like Maxwell gets the auditors to approve his dubious actions or at least not notice them.
It could also be argued that some of the biggest political economic failures have been caused, by dubious thinking by politicians and bad or corrupt economic models. As an example, many of my Irish friends, thought the Celtic Tiger woyuld come a cropper and planned accordingly.
Only time will tell if the OBR is a good thing! I do worry though, that sometimes it is less gloomy than the government, but then it may have much better figures, that lack any political gloss or bias.
The Anonymous Widower 
It is good when things are monitored by outside agencies with no political bias at all, and who are not stakeholders in whatever organisation they are monitoring.
In reality, it is very hard to achieve. But I do hope OBR is successful
Comment by liz | November 30, 2010 |