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Head of UK budget watchdog says he wants to serve second term
Published by Global Banking & Finance Review®
Posted on April 1, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on April 1, 2025
1 min readLast updated: January 24, 2026
Richard Hughes, chair of the UK's budget watchdog, seeks a second term to continue providing independent forecasts. His current term ends in October.
LONDON (Reuters) - The chair of Britain's Office for Budget Responsibility, Richard Hughes, said on Tuesday that he had asked to serve a second five-year term heading the body that produces independent growth and borrowing forecasts for the government.
"I've written to the chancellor, to the effect that I'd be interested to serve a second and final term, earlier this year," Hughes told the House of Commons' Treasury Committee.
Finance minister Rachel Reeves had not yet replied to his request, Hughes added.
Hughes' term expires in October.
(Reporting by David Milliken, editing by Andy Bruce)
The main topic is Richard Hughes seeking a second term as chair of the UK's Office for Budget Responsibility.
Richard Hughes is the chair of the UK's Office for Budget Responsibility, responsible for independent economic forecasts.
The Office for Budget Responsibility is a UK body that provides independent growth and borrowing forecasts for the government.
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