HC Deb 31 March 2003 vol 402 cc562-3W
Mr. Flight

To ask the Chancellor of the Exchequer when key assumptions were used in the fiscal projections of the 2002 pre-Budget report regarding(a) trend GDP growth, (b) equity prices and (c) oil prices last audited by the National Audit Office. [105331]

Mr. Boateng

Box B1 of the 2002 pre-Budget report (Cm 5664) set out when the key assumptions underlying the fiscal projections were last audited by the Comptroller and Auditor General: the trend GDP growth assumption was last audited at the time of the Budget 2002 (see HC 760, Session 2001–02); the equity prices assumption was last audited at the time of the 2000 pre-Budget report (see HC 959, Session 1999–2000); and the oil prices assumption was last audited at the time of the 2002 pre-Budget report (see HC 109, Session 2002–03).