Chote completed his secondary education at Street Mary"s College in Bitterne Park, Southampton. In 1989 he graduated from Queens" College, Cambridge (where he was Chair of Cambridge Student Liberal Democrats), and then studied at City University, London, and at the School of Advanced International Studies at Johns Hopkins University in the United States.
Chote began his career as a reporter and columnist at The Independent, and was named Young Financial Journalist of the Year in 1993 when working for the Independent on Sunday by the Wincott Foundation. He then moved to the Financial Times to become Economics Editor in 1995. From 1999 he served as an adviser to the senior management of the International Monetary Fund in Washington District of Columbia, where he worked under Stanley Fischer and Anne Krueger.
Chote was appointed director of the Institute for Fiscal Studies in October 2002.
In September 2010, he was appointed as chairman of the Office of Budget Responsibility, succeeding Sir Alan Budd. This appointment was subject to Parliamentary approval which was received.
He started as Chairman on 4 October 2010. As of 2015, Chote was paid a salary of between £150,000 and £154,999 by the department, making him one of the 328 most highly paid people in the British public sector at that time.
In 1989 he graduated from Queens" College, Cambridge (where he was Chair of Cambridge Student Liberal Democrats), and then studied at City University, London, and at the School of Advanced International Studies at Johns Hopkins University in the United States.
He has also served as a member of the Statistics Advisory Committee of the Office for National Statistics.
