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OBR To Consult On Fiscal Forecast 7 Oct, Full Doc 'Can Be Provided' End Oct

UK

Wires carrying comments from Chancellor of the Exchequer Kwasi Kwarteng stating that the mini-budget delivered last Friday was 'absolutely essential in re-setting the debate around growth' in the UK.

  • Mel Stride, Conservative MP and chair of the Treasury Select committee tweets: "OBR has just confirmed to me they’ll shortly publish timetable for producing full fiscal forecast - first iteration with Kwasi Kwarteng Fri 7th Oct.
  • Now clear from my correspondence with OBR that FULL forecast can be provided by end Oct rather than waiting til 23rd Nov....Critical point also is that BoE MPC meets on 3rd Nov to decide on next moves in base rate which will impact millions. "
  • Stride calling for publication ASAP to reassure markets.
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