Chancellor nominates IFS director Chote as OBR chair

The Chancellor's choice for the position will now go before the Treasury Select Committee so that his position can be confirmed, although MPs will have the power to veto the appointment. As chair of the OBR, Chote will work with other members of the Budget Responsibility Committee and will have executive responsibility for producing official fiscal and economic forecasts. Chote says: "The creation of the OBR is a great opportunity to ensure that the tax and spending decisions of this and future governments are informed by demonstrably rigorous and independent analysis of the outlook f...