[arista]

[Kwasi Kwarteng to launch debt-cutting plan
on 31 October
Richard Partington


Kwasi Kwarteng will bring forward the date
of his debt-cutting plan to 31 October after
pressure from MPs over the unfunded tax
and spending promises announced in
last month’s mini-budget,
my colleague Richard Partington writes.

The chancellor told the Commons Treasury
select committee that he would use the
new date to announce
his “medium-term fiscal plan”,
alongside the release of fresh forecasts
for the economy and public finances
from the Office for Budget Responsibility.

The plan to bring forward the date
from 23 November follows turmoil
in financial markets after Kwarteng promised
more than £40bn of unfunded tax giveaways
largely directed at middle and
high earners last month.
The OBR had been sidelined from his
previous tax and spending event.]


https://www.theguardian.com/business...-business-live