OBR: Resignation of Chair

Lord Pannick Excerpts

Monday 8th December 2025 Lords Chamber

[Lord Livermore (Lab)]

I am not sure whether the noble Lord is saying that is his view or whether he thinks it should be the case. The Chancellor was aware of the letter that the OBR sent to the Treasury Select Committee. She was content for it to be published, and she agreed this with the Permanent Secretary. We put the utmost weight on Budget security. The OBR has chosen to publish some further information. That is set out fully in Richard Hughes’s letter to the Treasury Committee. We believe it is important to maintain a private space between the Treasury and the OBR for the exchange of forecast information and Budget policy development, so we welcome the OBR’s statement that this is not intended to become usual practice.

[Lord Pannick (CB)]

My Lords, over the last few weeks and today, the Minister has studiously avoided confirming that Ministers and officials briefed possible announcements in the Budget prior to the Budget occurring. Does he really deny that this occurred?

[Lord Livermore (Lab)]

As I have said before, we take the Budget process extremely seriously and we put the utmost weight on Budget secrecy. A leak inquiry is now under way with the full support of the Chancellor, and the Permanent Secretary to the Treasury will also conduct a review of the Treasury’s security processes to inform future fiscal events.