Summary
The resignation of Richard Hughes, the head of the Office for Budget Responsibility (OBR), made headlines after a budget leak led to his decision to step down. This situation has intensified pressures on Rachel Reeves amid ongoing discussions about the budget and financial issues. There are also developments in a property tax policy and reactions to the OBR's budget predictions.
Key Facts
- Richard Hughes resigned as the head of the Office for Budget Responsibility (OBR) following a budget leak.
- The leak concerned access to information before the Spring Statement, raising worries about future budget security.
- Rachel Reeves is under scrutiny, with some pressures calling for her resignation.
- Richard Hughes will not testify before a Treasury committee because of his resignation.
- Properties valued over £2 million will not be subjected to a new property tax, as stated in recent budget news.
- Relations between the OBR and the Treasury were strained, particularly over budget timeline disagreements.
- The resignation followed a public reprimand from the prime minister and the claim he was forced out for opposing the Chancellor.
- Other news items include a corruption case involving Labour MP Tulip Siddiq and a high-profile arrest in sports.
