Story perspectives

MPs Probe OBR After Chairman Resignation and Controversy

12/12/2025

Summary

Story summary

MPs launched a Treasury Committee inquiry into the Office for Budget Responsibility to review its first 15 years.
The inquiry follows the resignation of OBR chairman Richard Hughes after an early forecast publication.
Some experts questioned the OBR's influence after it lowered productivity forecasts.
Chancellor Rachel Reeves faced claims of misleading the public, which she denied.
OBR's Professor David Miles said the organization is not in conflict with the Treasury.

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Story summary

MPs launched a Treasury Committee inquiry into the Office for Budget Responsibility to review its first 15 years.
The inquiry follows the resignation of OBR chairman Richard Hughes after an early forecast publication.
Some experts questioned the OBR's influence after it lowered productivity forecasts.
Chancellor Rachel Reeves faced claims of misleading the public, which she denied.
OBR's Professor David Miles said the organization is not in conflict with the Treasury.