The Chancellor has today nominated Richard Hughes as Chair of the OBR for a second and final five-year term of office, subject to the approval of the Treasury Committee of the House of Commons. The OBR’s Chair, alongside other Budget Responsibility Committee (BRC) members, has executive responsibility for the OBR and is responsible for judgements made in preparation of the OBR’s economic and fiscal forecasts.
The Treasury Committee approves all appointments to the BRC. Richard will appear before the committee for a pre-appointment hearing in due course.