IRRV Alert - week ending 13th November 2020
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Treasury should publish analysis it has done on Government’s coronavirus interventions, urges Treasury Committee (11 November 2020)
Treasury should publish analysis it has done on Government’s coronavirus interventions, urges Treasury Committee
11 November 2020
In the Treasury Committee’s evidence session with HM Treasury official, Rt Hon. Mel Stride MP, Chair of the Treasury Committee, repeated the Committee’s calls for HM Treasury to publish the economic impact assessment of coronavirus interventions that have been considered by the Government.
During the evidence session, Clare Lombardelli, Chief Economic Adviser at HM Treasury, told the Committee that whilst the department hasn’t produced specific predictions of specific restrictions, it does produce iterative economic analysis of policies that the Government is considering.
Sir Tom Scholar, the Permanent Secretary at HM Treasury agreed to write to the Committee about this analysis.
Chair's comment
Commenting on the evidence session, Rt Hon. Mel Stride MP, Chair of the Treasury Committee, said:
“Clearly some sort of economic analysis of coronavirus interventions, including lockdown, has been conducted by HM Treasury.
“It’s perplexing that this was not published ahead of last week’s vote on further lockdown measures.
“MPs must have all the information possible available to them to allow them to carry out their duty of effectively scrutinising Government measures in the future.
”HM Treasury’s analysis of interventions, as referred to by the Chief Economic Adviser in evidence to us, should, therefore, be made public.”