Mr. Dai Davies

To ask the Chancellor of the Exchequer pursuant to the written ministerial statement of 19 January 2010, Official Report, column 6WS, on the Draft Code for Fiscal Stability, what definition of transparency was used for the purposes of the Draft Code for Fiscal Stability; and for what reasons the requirements for economic and fiscal projections referred to at paragraph 42 of that code do not refer to reporting requirements relating to the projected financial effects on climate change under the Climate Change Act 2008. ( 314192 )

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Sarah McCarthy-Fry

Paragraph 42 of the draft Code sets out the minimum reporting requirements for the economic and fiscal projections. Paragraph 45 of the draft Code makes clear that such projections, so far as is reasonably practicable, should be based on all Government decisions which have a material impact on the fiscal outlook. This includes the decisions relating to the implementation of the Climate Change Act 2008.

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