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Treasury Committee Rejects OBR Overhaul, Backs 10-Year Forecast

By Drooid · Sep 23, 2026, 10:53 AM UTC · How we work

Summary

Story summary

The Treasury committee rejected calls to fundamentally reform the Office for Budget Responsibility.
MPs persuaded ministers to consider a 10-year economic forecast alongside existing OBR projections.
The committee’s review found the allegation that the OBR overreaches to be untrue.
Dame Meg Hillier urged the new chancellor to keep the OBR independent and explore longer-term forecasts.
Parliament should set aside time to debate the OBR’s annual fiscal risks and sustainability report.

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Story summary

The Treasury committee rejected calls to fundamentally reform the Office for Budget Responsibility.
MPs persuaded ministers to consider a 10-year economic forecast alongside existing OBR projections.
The committee’s review found the allegation that the OBR overreaches to be untrue.
Dame Meg Hillier urged the new chancellor to keep the OBR independent and explore longer-term forecasts.
Parliament should set aside time to debate the OBR’s annual fiscal risks and sustainability report.