Wednesday 7 July 2010

Sir Alan Budd Quits OBR

http://news.bbc.co.uk/1/hi/business/10518961.stm

The head of the new Office of Budget Responsibility, Sir Alan Budd, has quit after three months.

The OBR is the new government department set up by the Chancellor to oversee cuts in spending.

Even though Sir Alan was only due to stay in post for a few weeks, his departure is bound to raise a few eyebrows.

The question needs to be asked if those advising the Coalition are really happy with the vast cuts in spending that have already been announced by the Treasury and whether they support them being implemented so quickly.

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