The head of Britain’s financial watchdog resigned on Monday after his agency last week inadvertently released the key details of finance minister Rachel Reeves’ annual tax-and-spending budget statement ahead of time.
Richard Hughes said he wanted to help the Office for Budget Responsibility (OBR) to recover quickly from the lapse which an investigation linked to IT weaknesses and leadership failures.
“I have, therefore, decided it is in the best interest of the OBR for me to resign as its chair…
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