Britain’s independent fiscal watchdog fails to hasten the report’s release despite a meeting with the PM and chancellor
The prime minister will publish the Office for Budget
Responsibility’s forecast on 23 November, despite pressure for an early release
of the report, according to some media reports.
Liz Truss and chancellor Kwasi Kwarteng have
rejected calls to publish the assessment from the fiscal watchdog despite the
ongoing market turmoil, the Independent said in a report.
Truss and Kwarteng met with
Richard Hughes, chairman of the OBR, for about 50 minutes early this morning.
Following the meeting with No 10, the OBR announced it would
deliver its initial forecast on October 7 on “economic and fiscal prospects and
the impact of the government’s policies.”
The OBR said in the statement: “The forecast will, as
independent judgment about economic and fiscal prospects, and the impact of
the government’s policies.”
Kwarteng unveiled a series of tax cuts last week in a fiscal
statement that was not accompanied by OBR forecasts. The forecaster said it had
offered to prepare a draft for the new chancellor in time for the mini-budget
but it was not taken up.
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