Who has been nominated for a second term as chair of the OBR?

Richard Hughes has been nominated by UK finance minister Rachel Reeves for a second five-year term as chair of the Office for Budget Responsibility.

What is the role of the Office for Budget Responsibility?

The OBR prepares twice yearly forecasts of British economic growth and public borrowing, and assesses whether the finance minister is on track to meet budget goals.

What is required for Hughes' reappointment?

Hughes' reappointment is subject to approval by the House of Commons' Treasury Committee.

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Home > Headlines > UK finance minister nominates budget watchdog chief for second term

Headlines

UK finance minister nominates budget watchdog chief for second term

Published by Global Banking & Finance Review®

Posted on May 30, 2025

1 min read

Last updated: January 23, 2026

UK finance minister nominates budget watchdog chief for second term - Headlines news and analysis from Global Banking & Finance Review

UK finance minister nominates budget watchdog chief for second term

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UK Finance Minister Nominates Richard Hughes for Second Term as OBR Chair

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