Finance
Head of UK's OBR quits over early release of budget report
Published by Global Banking and Finance Review
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Richard Hughes, head of the UK's fiscal watchdog, resigns after the OBR accidentally released Rachel Reeves' budget details early.
LONDON, Dec 1 (Reuters) - The head of Britain's fiscal watchdog, Richard Hughes, submitted his resignation on Monday after his agency inadvertently released the details of Rachel Reeves' budget early, according to a letter published on its website.
(Reporting by Muvija M; writing by Kate Holton; Editing by Rachel Armstrong)
The resignation of Richard Hughes, head of the UK's fiscal watchdog, following the premature release of a budget report.
He resigned due to the inadvertent early release of Rachel Reeves' budget report by the OBR.
The OBR, or Office for Budget Responsibility, is the UK's fiscal watchdog responsible for economic forecasting and analysis.
Explore more articles in the Finance category
