OBR chief hits out at ‘misconceptions’ in Treasury briefings

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The OBR's David Miles hit out at Treasury briefings issued to the media. PA A top economist at the Office for Budget Responsibility (OBR) has defended a decision to release a letter that contradicted ...

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PA A top economist at the Office for Budget Responsibility (OBR) has defended a decision to release a letter that contradicted ...</p>\n\n<a href=\"https://www.cityam.com/obr-chief-hits-out-at-misconceptions-in-treasury-briefings/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OBR chief hits out at ‘misconceptions’ in Treasury briefings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOBR chief hits out at ‘misconceptions’ in Treasury briefings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-02 20:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/obr-chief-hits-out-at-misconceptions-in-treasury-briefings/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The OBR's David Miles hit out at Treasury briefings issued to the media. PA A top economist at the Office for Budget Responsibility (OBR) has defended a decision to release a letter that contradicted ...</p>\n\n<a href=\"https://www.cityam.com/obr-chief-hits-out-at-misconceptions-in-treasury-briefings/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCA","symbol_name":"First Trust China AlphaDEX Fund","start_time":0,"source_url":"https://www.cityam.com/obr-chief-hits-out-at-misconceptions-in-treasury-briefings/","article_id":"2588030917","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/12/01KBFA7SYAR11NGGJYSSJ7TKA0.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/obr-chief-hits-out-at-misconceptions-in-treasury-briefings/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2588030917","pubTimestamp":1764676906,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The OBR's David Miles hit out at Treasury briefings issued to the media. PA A top economist at the Office for Budget Responsibility  has defended a decision to release a letter that contradicted anonymous Treasury briefings in media reports, adding that details in reports were “damaging” to the fiscal watchdog.David Miles, a member of the Budget Responsibility Committee , told MPs on the Treasury Select Committee that a letter showing that fiscal forecasts did not dramatically change after 31 October despite media reports suggesting otherwise was released to “set the record straight on the process”. His comments appear to take aim at a report in Bloomberg on 13 November. Government sources told the news outlet that plans to breach the Labour Party manifesto had been ditched due to an “improved fiscal forecast” swinging the headroom available by some 10bn.OBR economist says briefings were ‘damaging’Shadow Chancellor Mel Stride and the SNP’s Stephen Flynn recently wrote to the Financial ","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCA":"First Trust China AlphaDEX Fund","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","BRC":"布雷迪","BK4087":"商业印刷"},"translate_title":"OBR负责人抨击财政部简报中的“误解”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCA":1,"BRC":1},"content_text":"The OBR's David Miles hit out at Treasury briefings issued to the media. PA A top economist at the Office for Budget Responsibility (OBR) has defended a decision to release a letter that contradicted anonymous Treasury briefings in media reports, adding that details in reports were “damaging” to the fiscal watchdog.David Miles, a member of the Budget Responsibility Committee (BRC), told MPs on the Treasury Select Committee that a letter showing that fiscal forecasts did not dramatically change after 31 October despite media reports suggesting otherwise was released to “set the record straight on the process”. His comments appear to take aim at a report in Bloomberg on 13 November. Government sources told the news outlet that plans to breach the Labour Party manifesto had been ditched due to an “improved fiscal forecast” swinging the headroom available by some £10bn. \n\nThe briefing appeared to be issued after bond markets reacted violently to a Financial Times report suggesting that the government had abandoned a plan to hike income tax rates. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMiles, who was taking the lead on questions following Richard Hughes’ resignation as chair last night due to a damning report on the watchdog’s Budget leak, said it published a letter with a clear timeline of changes in its fiscal forecasts to keep transparency levels high. “It was more that there were misconceptions out there that were wrong and actually damaging to the OBR, that we had acceded to pressure at certain points, [or] that we had helpfully found some money at the last minute,” Miles said. “We were particularly keen to make it clear that the specific window to the interest rates were not under pressure to somehow pick a particular period that was advantageous.”\n\nOBR economist says briefings were ‘damaging’Shadow Chancellor Mel Stride and the SNP’s Stephen Flynn recently wrote to the Financial Conduct Authority (FCA) to demand an investigation into potential market manipulation after Reeves delivered an unusual press pre-Budget conference to warn of problems with public finances.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588030917","isCrawlerRequest":true}