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...Richard Hughes, chair of the Office for Budget Responsibility, said the £13bn budget headroom forecast in November was heavily exposed to changing assumptions on interest rates as well as data revisions....
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...His spending plans are already deemed unrealistically tight by economists and the OBR’s head Richard Hughes described them as beyond “fiction”, because the government had not said how they could be achieved...
...richard.waters@ft.com...
...Richard Hughes, the chair of the OBR, has criticised the lack of detail underpinning those spending assumptions....
...Richard Hughes, chair of the OBR — the government’s official fiscal watchdog — has said the £13bn Budget headroom forecast in Hunt’s Autumn Statement in November is heavily exposed to changing assumptions...
...When Sam Mendes directed Jez Butterworth’s magnificent The Ferryman, set on a farm in Northern Ireland, it wasn’t the live goose that gave him trouble — nor the baby, the small children, the huge cast or...
...Richard Hughes, chair of the Office for Budget Responsibility — the government’s official fiscal watchdog — told peers on Tuesday that the £13bn budget headroom forecast in Hunt’s Autumn Statement in November...
...Given the target rolls forward every year, it has been disparagingly dubbed a “mañana rule” by Richard Hughes, the head of the Office for Budget Responsibility, which provides independent scrutiny of government...
...Additional reporting by Richard Waters...
...Thanks, Richard. Richard Waters Well, it’s a pleasure....
...Additional reporting by Paola Tamma in Brussels, James Politi in Washington, Martin Arnold in Frankfurt and Richard Milne in Oslo...
...“The board reached the point where they couldn’t believe what Sam told them.”...
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