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Kwarteng On GB News: Fiscal Plan To Be Published On 23rd Nov

UK

UK Chancellor of the Exchequer Kwasi Kwarteng has given an interview to GB News amid speculation about the timing of his medium-term fiscal plan.

  • Kwarteng confirms that the fiscal plan will be published on the 23rd of November. He responds to a question of when "shortly" means: "Shortly is the 23rd, people are reading the runes, its going to be the 23rd [of November]."
  • Kwarteng: "I don't deny there was some market reaction to the mini-budget."
  • Kwarteng: "What we wanted to do was set the debate."
  • Kwarteng says he makes no apology for his mini-budget but concedes that the timing wasn't right.
  • Kwarteng: "Our tax reduction measures and energy policy will put more money in people's pockets."
  • Kwarteng: "Its really important that, as Chancellor of the Exchequer, I have a good relationship with the governor of the Bank of England."
  • Kwarteng: "What has been driving inflation is very high energy costs," due to the war in Ukraine."
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UK Chancellor of the Exchequer Kwasi Kwarteng has given an interview to GB News amid speculation about the timing of his medium-term fiscal plan.

  • Kwarteng confirms that the fiscal plan will be published on the 23rd of November. He responds to a question of when "shortly" means: "Shortly is the 23rd, people are reading the runes, its going to be the 23rd [of November]."
  • Kwarteng: "I don't deny there was some market reaction to the mini-budget."
  • Kwarteng: "What we wanted to do was set the debate."
  • Kwarteng says he makes no apology for his mini-budget but concedes that the timing wasn't right.
  • Kwarteng: "Our tax reduction measures and energy policy will put more money in people's pockets."
  • Kwarteng: "Its really important that, as Chancellor of the Exchequer, I have a good relationship with the governor of the Bank of England."
  • Kwarteng: "What has been driving inflation is very high energy costs," due to the war in Ukraine."