HM Treasury has today launched a recruitment campaign for a new
Chair of the Office for Budget Responsibility (OBR).
The OBR is the UK's official independent economic and fiscal
forecaster, responsible for examining and reporting on the
sustainability of the public finances. The Budget Responsibility
Committee (BRC), led by the Chair, has executive responsibility
for the core functions of the OBR, including the judgements made
in its economic and fiscal forecasts.
As with all appointments to the Budget Responsibility Committee,
the Chancellor will make the appointment, subject to the consent
of the Treasury Committee.
Further information
-
As set out in the Budget Responsibility and National Audit
Act 2011, appointments to the OBR's BRC, including the Chair,
requires the consent of the Treasury Committee. The candidate
nominated by the Chancellor will therefore be subject to a
pre-appointment hearing with the Treasury
Committee.
-
The Budget Responsibility and National Audit Act
2011 allows each term of a BRC member, including
the Chair's, to be up to 5 years and each member may serve a
maximum of two terms.
-
While the Chair's post is currently vacant, the two current
members of the BRC, Professor David Miles and Tom Josephs,
will continue to lead the OBR.
About the OBR
The OBR was created in 2010 to provide independent analysis of
the UK's public finances. The OBR is led by the three members of
the BRC who have executive responsibility for carrying out the
core functions of the OBR, including any judgements made in the
preparation of the economic and fiscal forecasts. They are
supported in their work by the OBR's permanent staff led by the
OBR Chief of Staff. The current members of the BRC
are:
-
Chair (vacant)
-
Professor David Miles
-
Tom Josephs
About the recruitment process
HM Treasury will run an open and competitive recruitment campaign
to find a new Chair. The successful candidate will be selected by
the Chancellor of the Exchequer in line with the requirements set
out in the Budget Responsibility and National Audit Act 2011
and in accordance with the principles of the Governance
Code for Public Appointments. The appointment will then be
finalised subject to the Treasury Committee's consent.
