OBR: Resignation of Chair

Tom Hayes Excerpts

Wednesday 3rd December 2025 Commons Chamber

[James Murray]

The OBR set out in black and white that the productivity downgrade reduced tax receipts by £16 billion, and identified the cause of that downgrade as the previous Government’s record in office, whether their slashing of public investment or their mishandling of Brexit. In her speech on 4 November, the Chancellor was clear that this productivity downgrade, combined with the clear need to increase headroom to build resilience in the public finances, would require everyone to make a contribution. That is what happened at the Budget.

[Tom Hayes (Bournemouth East) (Lab)]

It is a pleasure to see you in the Chair, Madam Deputy Speaker. I was disappointed, as were my constituents, by the botched and premature release of the Budget on the OBR website, and I welcome the news that the OBR is welcoming in an expert in cyber-security. I sincerely hope that it is not the Leader of the Opposition—who, as we know, has form with accessing websites improperly. After all, the Conservatives really could not do without her.

My question is about the cyber-security expert reporting back. When do the Government expect to hear back, and can we be assured that, in the interim, the OBR has got its security systems into the shape they need to be in?

[James Murray]

The Government take this matter very seriously indeed and will move urgently to take forward that recommendation of the report, working with the National Cyber Security Centre. Cyber-security is an important matter for the OBR, and indeed for all Government Departments and bodies all year round, but the forecast is especially market sensitive, so it is particularly important to ensure that it is not published prematurely. That is why we take so seriously what happened last week, what seems to have happened in the spring, and what may even have happened at previous fiscal events.