Richard Hughes has resigned as OBR chief after a leak row tied to last week’s Budget. Conservatives claim the Chancellor is using him as a scapegoat after he flagged a fiscal gap. The Treasury faces scrutiny over the leak and the credibility of its Budget assumptions.

Nigel Farage has asked the ethics watchdog to investigate the Chancellor, alleging she misled voters by warning of a £20bn hole before the Budget, despite OBR briefings suggesting headroom. He says the conduct merits a probe, drawing the PM into questions over standards.

The Chancellor faces calls to resign after the fiscal watchdog reportedly told ministers months ago there was no gap in the public finances. Critics say she misled voters to justify tax rises in the Budget. Allies argue the measures fund priorities and stability; she rejects claims.

ONS figures indicate a sharp rise in young Britons emigrating, with leavers now accounting for nearly half of net migration. Analysts warn of a potential brain drain hitting growth and the public finances, increasing pressure on Reeves’s Budget and the government’s economic strategy.