Osborne backs Chote for second term as head of budget watchdog

Chancellor confirms nomination and says Robert Chote is 'undoubtedly best person' to chair Office for Budget Responsibility

Robert Chote, chairman of the budget watchdog the Office for Budget Responsibility, has promised to continue shining a light on "the darker recesses of the public finances" after the chancellor gave him another five-year term in the job.

The OBR was set up by George Osborne in 2010 to make independent forecasts of economic growth and the public finances, and provide a check on the Treasury's tax-and-spending plans.