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The Latest Breaking News from Richard Hughes

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Evening Standard

OECD warns Reeves higher taxes and spending restraint will limit consumer expenditure

UK economy will grow faster than France, Germany and Italy but slower than US next year, report predicts

The Guardian - UK

Starmer insists there was ‘no misleading’ after claims Reeves lied in run-up to Budget

Keir Starmer forced to publicly defend chancellor over accusations she lied about country’s finances – as Labour MPs voice discontent

The Independent UK

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Starmer has little choice but to bind himself closer to his chancellor

Ditching Rachel Reeves would put spotlight back on real context for decision to drop idea of breaching manifesto

The Guardian - UK

How the standoff between Rachel Reeves and the OBR unfolded

Treasury’s independent economic forecaster says outlook for economy rosier than chancellor led everyone to believe

The Guardian - UK

OBR chairman resigns over Budget leak

Richard Hughes has served as chairman of the Office for Budget Responsibility since 2020 and was reappointed to the job in July.

The Independent UK

OBR chief Richard Hughes resigns amid growing chaos over Budget as PM defends Chancellor

Treasury minister James Murray told the Commons that the Government backs a ‘deeper forensic investigation’ into previous Office for Budget Responsibility (OBR) disclosures

Evening Standard

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OBR chair quits after inquiry into early release of budget document

Richard Hughes takes ‘full responsibility’ for watchdog error as Starmer attempts to secure chancellor’s position

The Guardian - UK

OBR chief resigns after report blames leadership for Budget blunder

A damning report into last week’s Budget leak said the error was the worst failure in the OBR’s 15-year history

The Independent UK

OBR says inadvertent budget leak is ‘worst failure’ in its 15-year history

Investigation finds organisation’s leadership over many years was to blame for error, and similar breach happened earlier this year

The Guardian - UK

Starmer raises pressure on head of OBR by saying budget leak was ‘serious error’

PM says he is ‘very supportive’ of spending watchdog but breach was a ‘massive discourtesy’ to parliament

The Guardian - UK

Reeves defends Budget tax and spending choices as ‘fair and necessary’

The Chancellor she had made choices to increase taxes and improve public infrastructure, and had ‘chosen to protect public spending’.

Evening Standard

Reeves defends £26bn tax raid after Budget backlash as watchdog urged to investigate ‘false briefings’

The chancellor doubled down on her tax hikes, saying she wasn’t willing to cut public services

The Independent UK

Transfer strategy and Arne Slot reduce Liverpool to ‘Brendan bad’ levels

Not since 2014 have Liverpool struggled so much, with questions aimed at directors and players such as Alexander Isak and Florian Wirtz

The Guardian - UK

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The Guardian - UK

We owe Chelsea Football Club the biggest of apologies

In today’s Football Daily: perhaps Todd Boehly, Clearlake Capital et al are football romantics after all

The Guardian - UK

OBR challenges claims Reeves dropped income tax rise due to rosier forecasts

Official forecaster’s chair says chancellor knew about revised predictions well before her budget change of heart

The Independent UK

From the OBR to Panorama cock-ups – what does count as a career-ending mistake these days?

IN FOCUS : Roughly one in five Brits have made what they considered a ‘critical mistake’ at work. While it may be nothing compared to the mistake at the OBR this week, which published Rachel Reeves’s budget before she had announced it, what is seen as career-ending now? Lydia Spencer-Elliott…

The Independent UK

‘Mortified’ OBR chief prepared to resign if Reeves loses confidence in him over Budget leak

Richard Hughes has written to the Chancellor and Commons Treasury Committee chair Dame Meg Hillier to apologise for the incident

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Evening Standard

Sadly, this taxing Reeves Budget does nothing for business or growth

Labour has no ministers with any business experience and appear deaf and unsympathetic to what is required for growth.

The Independent UK

‘External person’ may have leaked Budget document link, says OBR chief

Contentious Budget was leaked nearly an hour before chancellor was set to announce it

The Guardian - UK

‘Mortified’ OBR chair hopes inquiry into budget leak will report next week

Reuters news agency says it obtained document after visiting URL it predicted file would be uploaded to

Evening Standard

Rachel Reeves insists tax on working people kept at ‘absolute minimum’ at Budget

The Chancellor struck a defiant tone, saying: ‘You’re not going to write my obituary,’ a day after her statement.

Evening Standard

'External person' may have accessed leaked Budget document link, says under-fire OBR chief

OBR chairman Richard Hughes tells Radio 4’s Today: ‘It appears there was a link that someone was able to access - an external person’

The Guardian - UK

Starmer says budget did not break manifesto tax pledge – as it happened

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’

The Independent UK

Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

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