Much in the news at budget time,exactly what body is known by the acronym OBR ?
Office for Budget Responsibility the candidate and can veto the Chancellor’s choice. The OBR is a member of the EU Independent Fiscal Institutions Network set up by the EU in September 2015. Office for Budget Responsibility The Office for Budget Responsibility (OBR) is an advisory non-departmental public body that the UK government established to provide independent economic forecasts and independent analysis of the public finances as background to the preparation of the UK budget. It was formally created in May 2010 following the general election (although it had previously been constituted in shadow form by the Conservative party opposition in December 2009) and was
Office for Budget Responsibility from the Treasury. The initial team provided recommendations to the Chancellor on the role of the permanent OBR. The OBR produced its first forecast for public finances shortly before the June 2010 budget with the second at the June budget incorporating the impact of newly announced measures. Colin Talbot, Chair of Public Policy and Management at Manchester Business School and Treasury adviser on public spending, questioned the credibility of the new organisation. He said that the body could not be set up in time to judge the forecasts in the June 2010 United Kingdom Budget. In his opinion, the OBR