Kwarteng sparks confusion over release date of medium-term fiscal plan

Contradicts government officials

Valeria Martinez
clock • 1 min read

Chancellor Kwasi Kwarteng has said that the government will stick to 23 November for the publication of his medium-term fiscal plan, sparking confusion amid reports that he would bring the release date forward to later this month.

"People are reading the runes and parsing words. It is going to be 23 November," he told GB News today (4 October). Government sources close to the leadership had briefed several news outlets that the publication of the medium-term fiscal plan would be accelerated, accompanied by independent economic forecasts, to try to reassure the markets.  The chancellor originally said the release of the fiscal plan would take place some time in the new year, before setting the date for 23 November following market turbulence in response to the Mini Budget. Kwarteng brings forward second fisca...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Shop price deflation hits 0.7% in January as prices are expected to rise
UK

Shop price deflation hits 0.7% in January as prices are expected to rise

Major discounts for non-food products

Sorin Dojan
clock 28 January 2025 • 1 min read
UK consumer index slides sharply in January amid public 'losing confidence' in economy
UK

UK consumer index slides sharply in January amid public 'losing confidence' in economy

All five measures down

Sorin Dojan
clock 24 January 2025 • 2 min read
Financial heavyweights join forces against chancellor's IHT/pension plans
UK

Financial heavyweights join forces against chancellor's IHT/pension plans

Send joint letter

Jenna Brown
clock 23 January 2025 • 2 min read
Trustpilot