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OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
Car finance payouts limited, but lenders aren’t off the hook
There may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court’s ruling, but it is unlikely you will hear the champagne corks popping. The verdict does almost certainly reduce the potential compensation bill significantly. Lenders no longer face the prospect of having to pay £30bn to…
Ukraine to import US liquefied natural gas via Greece
Vital supplies of US liquefied natural gas are due to start flowing into war-ravaged Ukraine this winter via a pipeline across the Balkans. The deal was announced after Ukrainian President Volodymyr Zelensky met Greek Prime Minister Kyriakos Mitsotakis in Athens on Sunday. Greece is working to increase the flow of American LNG to its terminals…
Reeves speech did not mislead on challenges facing UK ahead of Budget, says OBR official
Michael RaceBusiness reporter Getty Images A senior official at the UK’s economic forecaster has said he does not believe the chancellor was being misleading when she said the state of the public finances were “very challenging” in the run-up to the Budget. Prof David Miles from the Office for Budget Responsibility (OBR) told MPs Rachel…
