Magazine article Public Finance

There Was No Political Interference in OBR Figures, Budd Tells MPs

Magazine article Public Finance

There Was No Political Interference in OBR Figures, Budd Tells MPs

Article excerpt

The outgoing chair of the Office for Budget Responsibility has denied he was forced to rush out revised employment figures following political interference.

Giving evidence to the Treasury select committee this week, Sir Alan Budd said: 'There was no conspiracy or pressure on us to change the numbers, and no pressure on us to bring forward publication.'

The OBR's independence had been called into question following the release of the revised figures. These had been issued to counter reports of widespread private sector job losses, which were based on an interpretation of a leaked OBR document.

It appeared to suggest that the coalition's Budget would lead to an extra 700,000 private sector job losses while the officially released data put the figure at 150,000.

Budd, who is stepping down at the end of his three-month contract this month, told MPs that the leaked data was 'misleading' and had resulted in 'misinformed comment'.

He expressed his regret that the row had led people to question the independence of the OBR, adding: 1I would be very sorry if the mud that has been thrown at me will stick to the OBR, which is a brilliant and courageous innovation. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.