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Lord Livermore (Lab)

Speaking in the House of Lords on 8 December 2025

Debate

OBR: Resignation of Chair

Contribution

I am grateful to the noble Baroness. She raised her suggestion about the Swedish model before. I think I said then that I do not think that we had any intention of taking that forward, and I say the same thing again today. It is important to say that we remain absolutely committed to the independence of the OBR. That is incredibly important to the fiscal framework and to our commitment to economic stability. Clearly, it is important that the information it has is treated with the utmost secrecy. That is why it is important that, as I have said, we will work closely with the OBR to ensure that it has robust security arrangements in place for how it treats information. On the next steps that we intend to take, the OBR has rightly conducted its initial investigation as quickly as possible, and we should now take the time, as I think I have said to the noble Baroness before, to consider its findings and the report in greater detail. The report into the OBR also made the point that it “could not, in the time available, carry out deeper forensic examination” of other recent economic and fiscal outlook events and recommended that such an event takes place. We have committed to doing that with the National Cyber Security Centre, as I think the noble Baroness alluded to, although it is important that we note that the report found no evidence of hostile cyber activity.

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