Overview

This bill establishes a Committee of Inquiry to investigate the economic costs and benefits of the UK's membership in the European Union. The committee will report its findings to the Chancellor of the Exchequer by July 1st, 2012.

Description

The bill mandates the Chancellor of the Exchequer to appoint a seven-member Committee of Inquiry. The committee's composition ensures balanced representation: two members nominated by pro-EU organizations, two by anti-EU organizations, and three neutral members, one of whom will chair the committee. The committee must consider the economic implications of EU membership for the UK, including the impact on public spending. The Chancellor will provide the committee with necessary resources and remuneration. No members can be current or former EU employees or members of the European Parliament. The committee's report, including the Comptroller and Auditor General's views, will be presented to Parliament.

Government Spending

The bill will lead to government spending on the Committee of Inquiry. This includes funding the committee's operations, member remuneration, and any other reasonable expenses required for their investigation. Specific figures are not provided in the bill.

Groups Affected

Groups affected include:

• Pro-EU and Anti-EU Organizations: These groups will be involved in nominating committee members, influencing the inquiry's composition and potentially its findings.
• The UK Government (Chancellor of the Exchequer): Responsible for appointing the committee, providing resources, and ultimately receiving and acting upon the report.
• The UK Parliament: Will receive the committee's report and consider its implications.
• The Public: The findings of the committee will have an impact on public understanding of the UK’s relationship with the EU and may influence future policy decisions.
• The Comptroller and Auditor General and the National Audit Office: Will review the report and provide their views.

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