Treasury begins hunt for next OBR chair

Former chair Richard Hughes resigned from the economic forecaster in December 2025 following the leak of the OBR's budget document ahead of last year's Autumn Budget.  In his resignation letter, Hughes described the mistake as the "worst failure" in the OBR's 15-year history.  Last Friday (20 February), the government revealed the process to find a replacement for Hughes has started, with chancellor Rachel Reeves set to make the appointment, subject to the consent of the Treasury Committee.  Each member of the Budget Responsibility Committee (BRC), on which the OBR chair will sit, ...