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Head of UK budget watchdog says he wants to serve second term

Published by Global Banking & Finance Review

Posted on April 1, 2025

1 min read

· Last updated: January 24, 2026

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UK Budget Watchdog Chair Aims for Second Term

LONDON (Reuters) - The chair of Britain's Office for Budget Responsibility, Richard Hughes, said on Tuesday that he had asked to serve a second five-year term heading the body that produces independent growth and borrowing forecasts for the government.

"I've written to the chancellor, to the effect that I'd be interested to serve a second and final term, earlier this year," Hughes told the House of Commons' Treasury Committee.

Finance minister Rachel Reeves had not yet replied to his request, Hughes added.

Hughes' term expires in October.

(Reporting by David Milliken, editing by Andy Bruce)

Key Takeaways

  • Richard Hughes seeks a second term as chair of the UK's budget watchdog.
  • The Office for Budget Responsibility provides independent forecasts.
  • Hughes has written to the chancellor expressing his interest.
  • Finance minister Rachel Reeves has not yet responded.
  • Hughes' current term ends in October.

Frequently Asked Questions

What is the main topic?
The main topic is Richard Hughes seeking a second term as chair of the UK's Office for Budget Responsibility.
Who is Richard Hughes?
Richard Hughes is the chair of the UK's Office for Budget Responsibility, responsible for independent economic forecasts.
What is the Office for Budget Responsibility?
The Office for Budget Responsibility is a UK body that provides independent growth and borrowing forecasts for the government.

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