Source · Select Committees · Public Accounts Committee
Recommendation 12
12
We were therefore interested in what analysis the Treasury had now been conducting in order...
Conclusion
We were therefore interested in what analysis the Treasury had now been conducting in order to give assurance that it had a handle on the fiscal risks the pandemic poses to the UK economy and fiscal sustainability. We asked what projections the Treasury had for tax receipts in the short and medium term and whether it had been working with Her Majesty’s Revenue and Customs (HMRC) to produce those projections. The Treasury responded that projection is the job of the OBR.24
Government Response
A response document is linked to this report, dated 26 March 2021. Response attribution to this conclusion has not been verified. Read the response document ↗