A Treasury review has concluded that the OBR is a “respected and successful” organisation five years after its creation. It recommends boosting the OBR’s current capacity and a new publication on fiscal risks, but rejects extending its remit to manifesto costings and distributional analysis.

Read the HM Treasury Review of the OBR on GOV.UK

The Chancellor and Robert Chote exchanged letters on the Review ahead of publication:

Letter from the Chancellor to Robert Chote on the Treasury Review of the OBR

Letter from Robert Chote to the Chancellor on the Treasury Review of the OBR

The OBR also issued a Press Notice on the Review