Chancellor Sajid Javid has launched the process to appoint a new head of the Office for Budget Responsibility when the term of its first-ever chair Robert Chote ends.
Chote had headed up the public spending watchdog since it was formed in October 2010, and his second five-year term will end in the same month this year.
The OBR is responsible for producing the official UK economic and fiscal forecasts, assessing the Government’s performance against its fiscal rules and reporting on the sustainability of and risks to the public finance.
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Launching the process to find Chote’s successor, Javid said that the OBR’s independence and expertise is admired “not just in Britain but across the world”.
The appointment of the next chair will be made by Javid and is subject to the consent of the Treasury Select Committee. The role is open to applications until 20 February 2020. The appointment is for an initial five year term, with the possibility of serving a further five years.
The chancellor added: “Finding the right candidate to lead the OBR and build on the significant progress of the last 10 years is vital for maintaining the credibility of the UK’s fiscal framework and our status as a world leader in fiscal transparency.
“I look forward to working with Robert Chote to deliver my Budget on 11 March before he finishes his second term as chair.”
Javid said that he wanted to thank Chote for his “significant contribution to the world-class work of the OBR over the last decade”.
He added: “He has led the OBR with intelligence, independence and integrity.”
- Civil Service World will have an exclusive interview with Chote in our February edition.