SCHEDULES

SCHEDULE 1Office for Budget Responsibility

Termination of appointments

6

(1)

A member of the Office may resign by giving written notice to the Chancellor of the Exchequer.

(2)

The Chancellor of the Exchequer may terminate the appointment of a member of the Office by giving the member written notice if—

(a)

the member has been absent from meetings of the Office without the Office’s permission for a period of more than 3 months,

(b)

the member has become bankrupt or has made an arrangement with creditors,

(c)

the member’s estate has been sequestrated in Scotland or the member has entered into a debt arrangement programme under Part 1 of the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17) as the debtor or has, under Scots law, made a composition or arrangement with, or granted a trust deed for, the member’s creditors,

(d)

the member is unfit to continue the appointment because of misconduct,

(e)

the member has failed to comply with the terms of the appointment, or

(f)

the member is otherwise unable, unfit or unwilling to carry out the member’s functions.

(3)

But the appointment of a member appointed under paragraph 1(1)(a) or (b) is not to be terminated without the consent of the Treasury Committee of the House of Commons.