Latest news with #budgetresponsibility
Zawya
3 days ago
- Business
- Zawya
UK finance minister nominates budget watchdog chief for second term
British finance minister Rachel Reeves said on Friday that she had nominated the chair of the Office for Budget Responsibility Richard Hughes to serve a second five-year term. The OBR prepares twice yearly forecasts of British economic growth and public borrowing and assesses whether Reeves is on track to meet her budget goals. Hughes' reappointment is subject to approval by the House of Commons' Treasury Committee. (Reporting by David Milliken; editing by Suban Abdulla)
Bloomberg
3 days ago
- Business
- Bloomberg
Reeves Nominates UK OBR Chief Richard Hughes for Reappointment
Chancellor of the Exchequer Rachel Reeves nominated Richard Hughes to serve a second term as head of the Office for Budget Responsibility, Britain's powerful fiscal watchdog. Hughes will lead the government's official forecaster for a final five-year term with the OBR's projections highly influential to budget plans set by Reeves. Confirmation of his appointment requires the approval of the House of Commons Treasury Committee — a group of backbencher lawmakers.
Reuters
3 days ago
- Business
- Reuters
UK finance minister nominates budget watchdog chief for second term
LONDON, May 30 (Reuters) - British finance minister Rachel Reeves said on Friday that she had nominated the chair of the Office for Budget Responsibility Richard Hughes to serve a second five-year term. The OBR prepares twice yearly forecasts of British economic growth and public borrowing and assesses whether Reeves is on track to meet her budget goals. Hughes' reappointment is subject to approval by the House of Commons' Treasury Committee.
