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Chancellor Kwarteng To Announce Medium-Term Fiscal Plan Nov 23

UK

UK Chancellor Kwasi Kwarteng has outlined his "growth plan" in a Treasury Department statement.

  • According to the statement, "Cabinet Ministers will announce further supply side growth measures in October and early November."
  • "Next month, the Chancellor will, as part of that programme, outline regulatory reforms to ensure the UK’s financial services sector remains globally competitive."
  • "He will then set out his Medium-Term Fiscal Plan on 23 November. The Fiscal Plan will set out further details on the government’s fiscal rules, including ensuring that debt falls as a share of GDP in the medium term."
  • "He has requested that the OBR sets out a full forecast alongside the Fiscal Plan, on 23 November."
  • "The Chancellor also confirmed that there will be a Budget in the Spring, with a further OBR forecast."
  • Full statement: https://www.gov.uk/government/news/update-on-growt...
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