Finance
UK's Treasury Committee drops OBR's Hughes from Tuesday's hearing
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
The UK's Treasury Committee adjusts its OBR hearing schedule after Richard Hughes resigns due to a budget leak. Remaining members will continue as planned.
LONDON, Dec 1 (Reuters) - Britain's Treasury Committee said Richard Hughes, who resigned as the head of the fiscal watchdog, would no longer appear to discuss the work of the agency on Tuesday after he quit over the organisation's early release of key parts of the budget.
The session will continue as scheduled on Tuesday with the remaining members of the OBR's Budget Responsibility Committee, Tom Josephs and David Miles, the cross-party committee said in a statement.
The committee, which examines the expenditure, administration and policy of the finance ministry, the Bank of England, and other finance bodies, thanked Hughes for his service.
"I want to thank Richard Hughes for approaching his work with dedication throughout his time as Chair of the Office for Budget Responsibility – often in trying circumstances," said Meg Hillier, chair of the committee. "I commend his decision to take full responsibility for the incident."
(Reporting by Muvija M and Andy Bruce; Editing by Michael Holden)
A Treasury Committee is a parliamentary committee in the UK that examines the work of the Treasury, including its expenditure, administration, and policies related to economic and financial matters.
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