Office for Budget Responsibility
Advisory non-departmental public body in the UK / From Wikipedia, the free encyclopedia
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The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election (although it had previously been constituted in shadow form by the Conservative party opposition in December 2009)[1] and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011.[2] It is one of a growing number of official independent fiscal watchdogs around the world.[3]
Abbreviation | OBR |
---|---|
Formation | May 2010 |
Type | Non-departmental public body |
Purpose | To provide independent and authoritative analysis of the UK’s public finances |
Region served | United Kingdom |
Chairman | Richard Hughes |
Staff | 31 |
Website | obr |
Richard Hughes, former Director of Fiscal Policy at HM Treasury, has been head since October 2020.[4]