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We Need Independent Inspection - Cable
9.15.00am GMT Wed 26th Jan 2005
Commenting on the launch of the IFS Green Budget in which it was estimated that the Chancellor would need to raise taxes by £11 billion to pay for his spending plans. Liberal Democrat Shadow Chancellor, Dr Vince Cable MP, said: "We can no longer have a situation in commentators raise questions about the Chancellor's figures and then the Government deny any problems.
"The key to solving this discrepancy is to ensure that Gordon Brown can no longer get away with setting the fiscal tests and marking them himself.
"The Chancellor must now restore credibility in fiscal policy and open it up to genuine independent evaluation of the fiscal rules by a body accountable to Parliament, like the NAO.
"This is something that I called for at the time of the pre-budget report and is about time that we saw action in this area."
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