Chancellor of the Exchequer recommends Robert Chote to remain as Budget Responsibility Chairman


George Osborne, the Chancellor of the Exchequer, has recommended that Robert Chote should serve a second term as the Chairman of the Office for Budget Responsibility.

Chote has already served five years in the role and was previously the Director of the Institute for Fiscal Studies. The decision on whether to re-appoint Chote will be made by the Treasury Select Committee.

The Chancellor said:

“I am delighted to nominate Robert Chote for re-appointment. In its successful first five years, Robert has admirably led the OBR with intelligence, independence and integrity.

Undoubtedly the best person for the job I hope that the Treasury Select Committee will approve Robert’s re-appointment so that he can continue to lead the OBR for many more successful years to come.

I am also grateful to Sir Dave Ramsden for leading this comprehensive review and welcome the Review’s assessment of the OBR’s impressive achievements to date.

The government’s creation of the OBR has meant that for the first time policy is now based on an unbiased view of future prospects.

It is a credit to the OBR’s leadership that in five years it has become an example of best practice that is praised not just in Britain but across the world”.

Robert Chote responded saying:

“I am delighted to have been asked to continue as chairman of the OBR, should the Treasury Committee wish me to do so.

It has been an enormous privilege to succeed Sir Alan Budd and to lead the organisation through its first five years in operation.

In doing so I hope that we have been able to shed light on the darker recesses of the public finances, helping Parliament and civil society to hold the government to account for its management of fiscal policy.

Looking forward, I am very pleased that the government has put forward an ambitious set of recommendations to strengthen our current operations and to widen and deepen our scrutiny of the public finances.

I hope very much that the government will provide us with the resources that we would need to deliver on them”.