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An amendment put forward by the Social Liberal Forum calling for the party to change the remit of the Bank of England to focus on jobs and living standards rather than just inflation, and for ministers to set a target for 300,000 new homes a year was defeated.
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But with the forecast for economic growth slashed by half to 0.6% for 2013, Mr Osborne officially changed the remit of the Bank of England to give it more flexibility in considering ways to achieve "strong, sustainable and balanced growth" alongside low inflation.
Her answer about the pay gap complained of by black and minority ethnic employees was "let us change the legal remit of the low pay commission", while Corbyn unleashed a crowdpleaser, saying there were "too many black cleaners and not enough black managers".
The chancellor said he currently had, "no plans," to change the Bank's remit; but commented that there is "innovative stuff happening around the world".
Love him or hate him he has come in and was given a remit to change the mentality of British athletics, which he has done and it's disappointing for me to hear that he has decided to step down.
She said the job had changed and the remit had grown wider but children were now more involved in their education.
Major programmes and projects to tackle climate change under the remit of the Department of Energy and Climate Change (DECC) were left largely untouched.
"The change to the remit doesn't go quite as far as some in markets had speculated, and therefore the reaction from the currency and gilts has reflected this," said Philip Shaw, chief economist at Investec.
And Labour's Angela Eagle also backed changes to the remit of the committee.
However, she added the remit change was unlikely to deliver the boost needed to kick-start the recovery, forecasting growth of just 0.2% this year.
A lifelong football fan and Liverpool supporter he is delighted to be replacing Ian Ayre, even if the remit has changed slightly since the former chief executive stood down.
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CEO of Professional Science Editing for Scientists @ prosciediting.com