David Miles nominated for reappointment as member of the OBR’s Budget Responsibility Committee

David Miles nominated for reappointment as member of the OBR’s Budget Responsibility Committee
Chancellor of the Exchequer, Rachel Reeves, has today nominated Professor David Miles CBE to serve a second term in the BRC.
Today (9 July) Professor David Miles has been nominated for reappointment by the Chancellor to serve a second and final term as a member of the Budget Responsibility Committee for the Office for Budget Responsibility (OBR), subject to approval of the Treasury Committee.
The OBR is the UK’s official independent economic and fiscal forecaster, responsible for examining and reporting on the sustainability of the public finances. The Budget Responsibility Committee (BRC) has executive responsibility for the OBR and is responsible for judgements made in preparation of the OBR’s economic and fiscal forecasts.
Fiscal stability is central to this Government’s mission to grow the economy, which is why the first bill it passed included the fiscal lock so that no administration can sideline the OBR.
Further information
- Professor David Miles has served as a member of the OBR’s Budget Responsibility Committee since January 2022, and his first term concludes on 1 January 2027. His second term would formally begin on 2 January.
- The Budget Responsibility and National Audit Act 2011 allows each term of a BRC member, including the Chair’s, to be up to 5 years in length and each member may serve a maximum of two terms.
About the OBR
The OBR was created in 2010 to provide independent analysis of the UK’s public finances. The OBR is led by the three members of the BRC who have executive responsibility for carrying out the core functions of the OBR, including any judgements made in the preparation of the economic and fiscal forecasts. The current members of the BRC are:
- Jonathan Haskell CBE (Chair – still subject to TSC approval)
- Professor David Miles CBE
- Tom Josephs
About the reappointment process