Treasury Committee

19 May 2026

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Treasury Committee Tue, 19 May 2026 House of Commons

00:01 - 01:13

Speaker 5

Order. Order. Welcome to the treasury select committee on Tuesday, 05/19/2026. We're here continuing our conversation about the role of the OBR in light of the change well, we got we lost the chair of the OBR at the end of last year, and there's a recruitment going on for the chair of that organization. But it's fifteen years on, so it's time it was looked at.

And we are, today, delighted to have two panels, and our first panel is looking at international comparisons. I'm really delighted to have Laura Van Gies, the chair of the executive board of the Dutch authority for the financial markets. And she's appearing virtually with us today. And also appearing virtually is professor, Doug Ellmendorf, who's the professor of public policy at the Kennedy School for Government at Harvard University. So thank you very much for joining us.

Well, I really thought it'd be helpful just to to start you've had both led independent fiscal institutions in your respective home countries. And what what are the main differences between the institutions that you've led, and the office for budget responsibility in The UK? And if I could start with Laura Van Giesz first. Thank you.

01:15 - 01:41

Speaker 4

Thank you, chair. Thank you for having me. I think the main differences between the CPB and the OBR is or the there are lots of comparisons, so comparable things. We both make forecasts, for, for the economy and for, the fiscal position. I think the mandate of the, CPB is broader, So we do also other things than just the work that the OBR does.

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