The Office for Budget Responsibility (OBR) has kicked off its search for two new non-executive members to join its Oversight Board, sparking hopes of bolstering fiscal oversight in the UK. With one vacancy arising from Dame Susan Rice's term concluding on 19 June 2026 and another set to replace Baroness Hogg from 19 June 2027, these appointments are crucial for maintaining the OBR's independence and ensuring its continued relevance in guiding the Government's fiscal policy.
Non-executive members will play a vital role in overseeing the OBR's operations, providing both support and constructive challenge to the executive Budget Responsibility Committee (BRC). The BRC holds executive responsibility for core functions such as producing official economic and fiscal forecasts, adopted by the Government twice yearly. In line with the Budget Responsibility and National Audit Act (2011), the BRC will recommend suitable candidates to the Chancellor of the Exchequer, who will make the final appointment.
Successful applicants will be expected to demonstrate exceptional judgement, integrity, and independence, as well as strong communication and interpersonal skills. A deep understanding of the OBR's functions and experience in providing strategic leadership at a senior level are also key requirements. Notably, UK nationality is not mandatory for applicants, with an estimated time commitment of approximately six days per year required for these part-time roles.
The appointments will be for a fixed term of three years, with members eligible to serve a maximum of two terms. The application deadline for these significant roles is 17:00 on 15 July, with interviews anticipated in August and an announcement regarding the appointments expected in September.