MPs announce inquiry into work of Office for Budget Responsibility

Treasury committee will examine agency's forecasting record and discover where it needs to do better'

MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility.

The all-party Commons Treasury committee will spend until the end of next month investigating the independent agency's forecasting performance and impartiality. The panel will consider whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor.