Hughes Nominated Again as OBR Chair
The Chancellor today (30 May) has nominated Richard Hughes for reappointment as Chair of the Office for Budget Responsibility (OBR).
The Chancellor today (30 May) has nominated Richard Hughes as Chair of the OBR for a second and final 5-year term of office.
The OBR is the UK’s official independent economic and fiscal forecaster, responsible for examining and reporting on the sustainability of the public finances. The Budget Responsibility Committee (BRC), led by the Chair, has executive responsibility for the OBR and is responsible for judgements made in preparation of the OBR’s economic and fiscal forecasts.
Fiscal stability is at the heart of this government’s most important mission to grow the economy. This is why the first bill it passed included the fiscal lock, so that no administration can sideline the OBR.
The Treasury Committee approves all appointments to the BRC. Richard will appear before the committee for a pre-appointment hearing in due course.
https://www.gov.uk/government/news/richard-hughes-nominated-for-reappointment-as-chair-of-the-office-for-budget-responsibility