SCHEDULES

SCHEDULE 1Office for Budget Responsibility

Appointment of initial members

I13

1

The consent of the Treasury Committee of the House of Commons is not required for the appointment under paragraph 1(1)(a) of a person who—

a

immediately before the person's appointment, was chairing the non-statutory Office for Budget Responsibility, and

b

was appointed to do so by the Chancellor of the Exchequer with the consent of that Committee.

2

The period of the person's appointment under paragraph 1(1)(a) is to be taken to have begun with the appointment of that person to chair the non-statutory Office for Budget Responsibility.

3

The consent of the Treasury Committee of the House of Commons is not required for the appointment under paragraph 1(1)(b) of a person who—

a

immediately before the person's appointment, was a member of the non-statutory Office for Budget Responsibility but not chairing it, and

b

was appointed as such a member by the Chancellor of the Exchequer with the consent of that Committee.

4

The period of appointment under paragraph 1(1)(b) of each such person is to be taken to have begun with the appointment of that person as a member of the non-statutory Office for Budget Responsibility.

5

The first 2 appointments under paragraph 1(1)(b) may be for less than 5 years to secure that those appointments and the first appointment under paragraph 1(1)(a) each expire at different times.

6

The first 2 appointments under paragraph 1(1)(c) are to be made by the Chancellor of the Exchequer after consultation with the member appointed under paragraph 1(1)(a).