Richard Hughes has resigned as chair of the Office for Budget Responsibility, after the UK fiscal watchdog accidentally leaked its analysis of Rachel Reeves’ Budget before the chancellor delivered it.
The announcement of Hughes’ exit came shortly after an OBR review of last week’s market-moving error found that the same failures had allowed early access to the Spring Statement in March, raising concerns that earlier Budgets could also have been compromised.
In a letter to Reeves and the House of Commons Treasury select committee on Monday, Hughes said he was quitting to help the OBR “quickly move on from this regrettable incident”.
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