Finance

UK's Treasury Committee drops OBR's Hughes from Tuesday's hearing

Published by Global Banking & Finance Review

Posted on December 1, 2025

1 min read

· Last updated: January 20, 2026

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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

Treasury Committee Revises OBR Hearing Post Hughes Resignation

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)

Key Takeaways

  • Richard Hughes resigns from OBR over budget leak.
  • Treasury Committee adjusts hearing schedule.
  • Remaining OBR members to attend the session.
  • Meg Hillier praises Hughes' dedication.
  • Hughes takes responsibility for the incident.

Frequently Asked Questions

What is a Treasury Committee?
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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