MNI BRIEF: UK OBR Chair Hughes Resigns After Budget Day Breach
Dec-01 16:46By: Harrison Moore
UK+ 1
The UK's Office for Budget Responsibility chairman Richard Hughes resigned on Monday, following a report into the "inadvertent" leak of the OBR's forecasts before the Nov 26 budget.
"It is in the best interest of the OBR for me to resign as its Chair and take full responsibility to the shortcomings identified in the report," Hughes wrote in his letter of resignation.
The OBR's report, published earlier Monday, recommended that "new arrangements must be put in place in good time for the Spring 2026 EFO." There is no immediate news of the succession plan.
