Osborne picks OBR members

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The Independent Online

The Office for Budget Responsibility will publish its new economic and government borrowing forecasts on 29 November, George Osborne said yesterday.

The Chancellor also announced that former Bank of England Monetary Policy Committee member Stephen Nickell and economist Graham Parker will join the OBR's top team, working under the new head Robert Chote, the former chief of the Institute For Fiscal Studies.

"These candidates will be subject to hearings before the Treasury Select Committee and I will not appoint a candidate who is judged unsuitable," Mr Osborne said in a letter to Parliament's Treasury committee chairman Andrew Tyrie. The new forecasts will form part of the Coalition Government's autumn statement on the economy, which replaces the pre-Budget report.