More on the Treasury Committee from PA:
Other organizations and government departments are interested in moving to the Treasury’s northern center in Darlington, the chancellor has said.
Rishi Sunak told the Commons Treasury Committee that his department was “ready to be joined by several other departments … either those belonging to the government or other bits of government”.
But he said the names of the organizations have not been made public yet.
The report also quoted Sunak as admitting that hitting the targets in his new financial regulations would be a challenge, but saying it was “better than a heck of a chance”.
Mel Stride, chairman of the Commons Treasury Committee, said the Office for Budget Responsibility (OBR) chart left Mr Sunak’s financial headroom looking “rather pale” than that of his predecessors.
Stride said that while OBR didn’t say “a heck in a hell’s chance” of hitting its targets, it appears there is a strong risk that “those targets won’t be met”.
The Committee heard that the OBR modeling has given a 55-60% probability of meeting the target.
Sunak said, “I probably describe it better than a heck in a hell of a chance, but numbers are numbers.”