OBR chair Richard Hughes resigns following premature Budget report release

In a resignation letter to chancellor Rachel Reeves and Treasury Committee chair Dame Meg Hillier, Hughes said he accepted "full responsibility" for the circumstances that allowed the report to be accessed early. The accidental release confirmed several key measures, including the three-year extension of the income tax and National Insurance threshold freeze, hours before Reeves delivered her speech to the House of Commons. Hughes, who has led the OBR for five years, said in his letter that he believes the watchdog can rebuild confidence by implementing the review's recommendations bu...