Charter for Budget Responsibility — 10 Jan 2022 at 21:44
The majority of MPs voted to balance the national budget, reduce public sector debt, ensure public sector investment does not exceed 3% of GDP, and to keep spending on welfare under the cap set.
The motion supported by the majority of MPs in this vote was:
- That the responsibility-autumn-2021-update Charter for Budget Responsibility: Autumn 2021 update, which was laid before this House on 5 January, be approved.
- the Treasury’s objectives in relation to fiscal policy and policy for the management of the National Debt,
- the means by which the Treasury’s objectives in relation to fiscal policy will be attained (“the fiscal mandate”), and
- matters to be included in a Financial Statement and Budget Report
The update in question stated:
- The Treasury’s objectives for fiscal policy are to ensure sustainable public finances, economic growth and stability, value for money for the taxpayer, a strong balance sheet, and intergenerational fairness.
- [T]he Treasury’s mandate for fiscal policy is: to have public sector net debt (excluding the Bank of England) as a percentage of GDP falling by the third year of the rolling forecast period.
The fiscal policy is supplemented by the following:
- * a target to balance the current budget by the third year of the rolling forecast period
- * a target to ensure that public sector net investment does not exceed 3% of GDP on average over the rolling forecast period
- * a target to ensure that expenditure on welfare is contained within a predetermined cap and margin set by the Treasury
-  Section 1 of the Budget Responsibility and National Audit Act 2011, Legislation.gov.uk
-  Charter for Budget Responsibility: Autumn 2021 update, Gov.uk
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Con||305 (+2 tell)||0||0||84.8%|
|Lab||0||155 (+2 tell)||0||79.3%|
|Hywel Williams||Arfon||PC (front bench)||both|