PBR: Brown's numbers should be scrutinised
Independent scrutiny of Gordon Brown's control of public finances has been called for by the figures in the City and Westminster.
As Brown delivers his pre-Budget Report, fears are growing that Britain will not be able to swing out of its deep financial deficit, despite forecasts from the Treasury that they will swing back into balance.
CSFB chief European Economist Robert Barrie wants a panel of fiscal experts to ‘cross-check’ the authority’s analysis.
‘The Treasury has made large and persistent errors in the past three years. The situation keeps not getting better,’ Barrie told The Guardian. And Liberal Democrat shadow chancellor Vincent Cable thought that a panel of senior economists should meet regularly at the NAO to check public finances.