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OBR Chair Confirms Statement Later Today As Meeting w/PM Concludes

UK

Wires reporting that chairman of the independent OBR, Richard Hughes, stating that the body will release a statement later today. Says that the OBR will set out a timetable for its forecasts next week.

  • Comes as a meeting at 10 Downing Street between Hughes, PM Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng concludes after 30 mins.
  • Hughes: "We talked about economic and fiscal outlook with Chancellor Kwarteng and PM Truss".
  • Major market and political focus on the OBR figures. The gov't remains under major pressure to reverse its planned tax cuts, with opinion polling released on the evening of 29 September painting a dire picture for Truss' centre-right Conservative Party.
    • TecneUK: LAB: 47% (+6), CON: 27% (-7), LDEM: 11% (-), GRN: 6% (+1) 28 - 29 Sep, chgs w/21-22 Sep
    • Survation: LAB: 49% (+6) CON: 28% (-5) LDEM: 11% (-), 29 Sep, chgs w/31 Aug
    • YouGov: LAB: 54% (+9), CON: 21% (-7), LDEM: 7% (-2), GRN: 6% (-1), 28 - 29 Sep. Chgs. w/ 25 Sep
    • Redfield and Wilton: LAB: 46% (+2), CON: 29% (-2), LDEM: 13% (+2), GRN: 4% (-2) 28 - 29 Sep. Chgs w/25 Sep
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Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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