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Political Party Policy Costings (Office for Budget Responsibility) Bill

A Bill to amend the Budget Responsibility and National Audit Act 2011 to allow the Office for Budget Responsibility to scrutinise and certificate the policy costings of political parties represented in the House of Commons.

Originating House

House of Commons

Sponsor

Alison McGovernLabour (Co-op)

Parliament last updated

30 March 2015

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

This Bill would change the Budget Responsibility and National Audit Act 2011 so that the Office for Budget Responsibility (OBR) can scrutinise and certify the policy costings of political parties represented in the House of Commons. In plain terms, independent assessment of the cost estimates behind party policies would become mandatory, making the fiscal implications of manifestos and proposals more transparent.

Key Points

  • Extends the OBR's remit to include the costings of political party policies represented in the House of Commons.
  • OBR would scrutinise and certify these policy costings under the amended Act.
  • Applies to all parties represented in the House of Commons, aiming to improve transparency and accountability of policy costings.
  • Part of budget oversight to provide impartial assessment of political policy costings, rather than government budgets alone.

Progress

The bill is currently at the 2nd Reading in the House of Commons. It originated in the Commons and had its first reading on 16 July 2014.

Who is affected?

Political parties represented in the House of CommonsThe Office for Budget Responsibility (and its staff)Members of Parliament and the public who rely on transparent policy costings

Generated 21 February 2026

Bill Stages

1st readingCommons

16 Jul 2014

2nd readingCommons
Committee stageCommons
Report stageCommons
3rd readingCommons
1st readingLords
2nd readingLords
Committee stageLords
Report stageLords
3rd readingLords
Royal Assent

Updates & Documents

News (1)

News - Political Party Policy Costings (Office for Budget Responsibility)

1 Jan 1970

This Bill was introduced to Parliament on 16 July 2014 under the Ten Minute Rule.

The 2014-15 session of Parliament has prorogued and this Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.