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PFM Marketplace => Have you seen this? => Topic started by: petagny on March 08, 2011, 15:37:22 GMT

Title: Reforming the UK Treasury
Post by: petagny on March 08, 2011, 15:37:22 GMT

Here's an interesting report on reforming the UK finance ministry (the 'Treasury') just released by a UK think-tank, DEMOS.

http://www.demos.co.uk/files/National_treasure_-_web.pdf?1299511925

Recommendations include these on improving accountability:

• The Finance Bill should be considered by the Lords as well as the Commons.
• A new select committee specifically on taxation policy should be established to run in parallel with the Treasury Select Committee.
• A UK Parliamentary Budget Office, functioning as an economic library for MPs. This would be based on the US Congressional Budget Office and should be established to provide rigorous independent analysis to Parliament on topical matters relating to economic policy

Georgia already has a parliamentary budget office and as Napodano and I have found they are a very switched on team!