Kwarteng brings forward fiscal plan in latest humiliating U-turn
Britain's Chancellor of the Exchequer Kwasi Kwarteng speaks at the Conservative Party conference at the ICC in Birmingham, England, Monday, Oct. 3, 2022.
KWASI KWARTENG has brought forward the date of his medium-term fiscal plan to October 31 in another humiliating U-turn for the new Tory leadership.
The Chancellor had come under mounting pressure from MPs to publish his financial strategy and independent economic forecasts over the uncosted spending and tax-cutting pledges made in his “mini-Budget” last month.
Mr Kwarteng had been resisting calls to publish the strategy and forecasts from the Office for Budget Responsibility (OBR) before his planned update on November 23.
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