3 w. ago Labour warned of fresh economic hit as Brexit accelerates high

‘None’ of the Labour chancellor’s measures will ‘have a material effect’ on growth, Richard Hughes, the chair of the OBR, has said.

Events

3 w. ago OBR chair quits after inquiry into early release of budget document

Richard Hughes takes ‘full responsibility’ for watchdog error as Starmer attempts to secure chancellor’s positionThe chair of the Office for Budget Responsibility has resigned after a damning internal inquiry into the leak that threw Rachel Reeves’s budget into chaos described it as the “worst failure” in the institution’s history.The departure of Richard Hughes, who said he took “full responsibility” for the watchdog’s failure to handle sensitive information, dragged the rolling recriminations over the budget into a fifth day. Continue reading...

Economics

3 w. ago OBR chair quits after inquiry into early release of Reeves’s budget

Richard Hughes departs after investigation into how official forecaster accidentally published budget 40 minutes earlyRichard Hughes, the chair of the Office for Budget Responsibility, has quit after the findings of an urgent inquiry by the watchdog into how it inadvertently published Rachel Reeves’s budget 40 minutes early.Hughes wrote to the chancellor and to Meg Hillier, the chair of the Treasury select committee, last week to apologise after the OBR uploaded its documents setting out the details of the budget before Reeves began to speak on Wednesday. Continue reading...

Economics

3 w. ago OBR Budget blunder had happened before, damning report reveals

The report says ‘ultimate responsibility’ rests with the leadership of the OBR, raising major questions for the watchdog’s chair Richard Hughes

Politics

3 w. ago OBR chair under pressure over early release of Budget report

Senior Labour MP calls for UK’s fiscal watchdog chair Richard Hughes to ‘consider his position’

Economics

3 w. ago OBR chair under pressure over early release of Budget analysis

Senior Labour MP calls for UK’s fiscal watchdog chair Richard Hughes to ‘consider his position’

Economics