Although at some points during our evidence session the Treasury stated that it was conducting forecasting and scenario planning, it was not clear what this entailed, how this differed from work by third parties such as the OBR, and whether this was business as usual or additional work specifically to address risks arising from COVID-19.28

Although at some points during our evidence session the Treasury stated that it was conducting forecasting and scenario planning, it was not clear what this entailed, how this differed from work by third parties such as the OBR, and whether this was business as usual or additional work specifically to address risks arising from COVID-19.28 Type: conclusion | Number: 14 | Response status: under_consideration Government response: 2: PAC conclusion: There is an apparent lack of ownership by the Treasury of the analysis and scenario planning activities necessary to manage the impact of COVID-19 on government finances. 2: PAC recommendation: The Treasury should write to the committee setting out what specific analysis it is cur