Clause 3 - Annual plan
Enterprise Bill
12:15 pm
Miss Melanie Johnson (Parliamentary Under-Secretary, Department of Trade and Industry; Welwyn Hatfield, Labour)
The clause will oblige the OFT to publish an annual plan before each financial year. The plan will include a statement of the OFT's main objectives and priorities for the year ahead. The OFT must consult as it prepares the plan, and it must lay the
published document before Parliament. As I said, this is an important means by which Parliament and the public can hold the OFT to account. It will have published objectives and priorities, which people will be expected to meet. Through the annual report provision in clause 4, the OFT will have to report on its progress against those objectives and priorities.