From the TUC

Office for Budget Responsibility Changes

12 Oct 2010, by Guest in Economics

The Chancellor has just announced in the Commons that the OBR will have new terms of reference to ensure its independence.  It will also be located outside the Treasury and the Treasury Select Committee will have a veto over the appointment of the three members of the OBR.  This body might become a serious organisation with proper credibility now although a key issue is whether it will have the resources to develop its own analytical approach distinct from the Treasury.