Kwarteng makes surprise announcement to bring forward growth forecast

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Kwasi Kwarteng will publish the UK financial watchdog’s independent growth forecasts later this month as he bowed to pressure from the markets.

The Chancellor had said he would make public the Office for Budget Responsibility’s findings on November 23 when he is set to outline his medium-term plan for Britain’s economy.

However, this morning he wrote to the chair of Parliament’s Treasury select committee to confirm he was bringing forward publication to October 31.

More to follow…

Source: Read Full Article