Kwarteng brings medium-term fiscal plan forward to the end of October

Accompanied by OBR forecast

Kwasi Kwarteng will be bringing the government’s medium-term fiscal plan and accompanying economic forecasts forward from November to 31 October.

In a letter to Treasury Select Committee chair Mel Stride, Kwarteng wrote on Monday (10 October) that although he had originally said that an economic and fiscal forecast would be published alongside the medium-term fiscal plan on 23 November, he had decided to bring this date forward to 31 October. Kwarteng explained the new forecast date will allow the OBR to conduct "an in-depth assessment of the economy and public finances". Bank of England rules out emergency rate rise as Treasury lines up new fiscal plan The fiscal strategy was announced on 26 September following calls by the...