Living Standards

Part of Opposition Day — [Un-allotted Day] – in the House of Commons at 3:19 pm on 30th November 2011.

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Photo of Iain Duncan Smith Iain Duncan Smith The Secretary of State for Work and Pensions 3:19 pm, 30th November 2011

I hope they will attach no credibility if they were our forecasts. We set up the OBR—an independent body that Opposition Members accepted—and its forecasts are about as good as we shall get, so we should give it credibility for at least trying to get the forecasts right. That is a damn sight better than the past 12 years of gerrymandered Treasury figures, not one of which had any credibility.