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Head of UK's OBR quits over early release of budget report

Published by Global Banking & Finance Review

Posted on December 1, 2025

1 min read

· Last updated: January 20, 2026

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Head of UK's OBR quits over early release of budget report
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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,

UK OBR Chief Resigns Over Premature Budget Report Release

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)

Key Takeaways

  • Richard Hughes resigns as head of UK's OBR.
  • The resignation follows an early budget report release.
  • Rachel Reeves' budget details were leaked.
  • The incident was confirmed via a letter on the OBR website.
  • The OBR is the UK's fiscal watchdog.

Frequently Asked Questions

What is the main topic?
The resignation of Richard Hughes, head of the UK's fiscal watchdog, following the premature release of a budget report.
Why did Richard Hughes resign?
He resigned due to the inadvertent early release of Rachel Reeves' budget report by the OBR.
What is the OBR?
The OBR, or Office for Budget Responsibility, is the UK's fiscal watchdog responsible for economic forecasting and analysis.

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