text_body: --- DIVISION TITLE ---
  
  Charter for Budget Responsibility
  
  --- MOTION EFFECT ---
  
  @ MP voted aye 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. 
  
  @ MP voted no against balancing the national budget, against reducing public sector debt, against ensuring public sector investment does not exceed 3% of GDP, and against keeping spending on welfare under the cap set. 
  
  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 [https://www.gov.uk/government/publications/charter-for-budget-responsibility-autumn-2021-update Charter for Budget Responsibility: Autumn 2021 update], which was laid before this House on 5 January, be approved.
  
  The [https://www.legislation.gov.uk/ukpga/2011/4/contents/enacted Budget Responsibility and National Audit Act] requires the Charter for Budget Responsibility to set out[1]:
  
  * the Treasuryâs objectives in relation to fiscal policy and policy for the management of the National Debt,
  * the means by which the Treasuryâs objectives in relation to fiscal policy will be attained (âthe fiscal mandateâ), and
  * matters to be included in a Financial Statement and Budget Report
  
  The update in question[2] stated:
  
  :The Treasuryâs 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 Treasuryâs 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
  
  
  * [1] [https://www.legislation.gov.uk/ukpga/2011/4/section/1/enacted Section 1 of the Budget Responsibility and National Audit Act 2011], Legislation.gov.uk
  * [2] [https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1044692/Charter_for_Budget_Responsibility_FINAL.pdf Charter for Budget Responsibility: Autumn 2021 update], Gov.uk
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  