MPs announce inquiry into work of Office for Budget Responsibility

Meg Hillier, the chair of the Treasury committee, says MPs want an ‘honest conversation’ with the Office for Budget Responsibility. Photograph: House of Commons/PA

MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility.

The all-party Commons Treasury committee will investigate the independent agency’s forecasting performance and impartiality before considering whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor.