Sir Alan Budd quits Chancellor's OBR after just three months
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Sir Alan Budd, the chairman of the Chancellor’s Office for Budget Responsibility, is to quit his role after only three months.
The man in charge of the watchdog set up by the new Government to monitor public spending and set economic forecasts is to leave the OBR with no chairman just as it prepares for the comprehensive spending review it is due to publish this autumn.
Budd (pictured) was only on a three-month contract and he is planning to step down at the end of this month to take up a position in the private sector, The Daily Telegraph reports.
The Treasury insists that it had always been the intention for Budd to leave this summer.
Budd was a founding member of the Bank of England’s Monetary Policy Committee.
A Treasury spokesman says: “It has always been the case that Sir Alan planned to leave in the summer.
“He was appointed to provide forecasts for the emergency Budget and to advise on the establishment of a permanent OBR.
“He has established the OBR as a credible, independent body and the Chancellor is incredibly grateful for his important work on this issue.
“The Government will seek to ensure continuity for the OBR in recruiting Sir Alan’s successor.”
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Readers' comments (4)
Anonymous | 6 Jul 2010 9:27 am
isn't the national audit office supposed to monitor public spending?
I thought this govt was committed to getting rid of quangoes....still at least it's already served a purpose for this guy's CV...
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Anonymous | 6 Jul 2010 11:21 am
Why was he on an initial 3 month contract !! ludicrous that a position of such public importance should be on a short term contract. How much waste and cost has this publicity appointment cost I wonder !!
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Anonymous | 6 Jul 2010 12:19 pm
He was on a three month contract, so if he proved to be useless, they could just get rid. Simples.
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Tony Palmer | 6 Jul 2010 1:24 pm
why is everyone moaning? surely public sector workers being put on short-term contracts is a good life rather than the jobs for life mentality demanded by the pinkos
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