Office for Budget Responsibility Forecasts Debate
Full Debate: Read Full DebateDavid Pinto-Duschinsky
Main Page: David Pinto-Duschinsky (Labour - Hendon)Department Debates - View all David Pinto-Duschinsky's debates with the HM Treasury
(1 day, 6 hours ago)
Commons ChamberThe real focus of the Chancellor has been on cutting the cost of living, cutting NHS waiting lists and cutting Government borrowing. I hope that the right hon. Gentleman, like all Members of this House, values the importance of the Office for Budget Responsibility and takes this matter with the same seriousness that we in government do.
David Pinto-Duschinsky (Hendon) (Lab)
Like many other Members, I have been shocked by the early release of the OBR’s “Economic and fiscal outlook” report, as this kind of error risks compromising the integrity of the Budget process in moving markets. The evidence that has now emerged that this was not the first time that the OBR forecast was accessed prematurely owing to systematic failures in its own cyber-security, is simply unforgivable. Given this appalling failure, which the chair of the OBR himself acknowledges is the worst failure in the organisation’s history, can the Minister tell the House what he thinks it would take for the chair of the OBR to resign?
Obviously, the questions about what is done by the leadership of the OBR are for the leadership of the OBR, but I can tell my hon. Friend that the Government take last week’s information breach incredibly seriously. The fact that it was not simply a case of the wrong button being pressed on a locally managed website, the fact that it was a systemic issue and the fact that it had happened at least once before, in March this year—and who knows whether it had happened at previous events—underscore just how serious a matter it is, and just what a failing it represents.