Robert Chote named as new OBR chairman

The Office for Budget Responsibility has a new chairman in the form of Robert Chote. The current head of Institute for Fiscal Studies will take up his new role in preparation for October's government spending review. The OBR was set up in May to scrutinise the performance of UK governments and the news has been welcomed by many who felt the government was too involved with the last chairperson. Many economists believed that previous ministerial interference reduced the body's ability to perform independently of the government.