OBR

Kwarteng and prime minister Liz Truss met officials from the Office for Budget Responsibility on Friday, in an attempt to reassure markets that they are serious ...

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The Treasury has said the fiscal forecast will be published on November 23 as planned, despite the OBR saying it would deliver an initial forecast on ...

“And the Chancellor has commissioned the OBR to produce an economic and fiscal forecast which will be published on 23 November. This is what the bond yield is. Mr Blackford called it “utterly damning” that the government failed to commission a forecast from the OBR. In a letter to the Scottish National Party’s Westminster leader Ian Blackford and the party’s shadow chancellor Alison Thewliss, the chair of the OBR confirmed that the body sent “a draft economic and fiscal forecast to the new chancellor on 6 September, his first day in office”. In the meantime, the investor is paid interest on that loan at an agreed rate. A Treasury readout added: "They agreed, as is usual, to work closely together throughout the forecast process and beyond.

Members of parliament's influential Treasury Select Committee have called on embattled chancellor Kwasi Kwarteng to publish an Office for Budget ...

He said the OBR had confirmed it would be able to produce a full forecast by the end of October and a “meaningful” one beforehand. The past seven days have been hugely volatile for the UK economy. Please could you confirm that you will make public that forecast immediately?” “Given the continued uncertainty within markets, there would be a clear advantage to moving the MTFP statement and the release of the OBR forecast to as early a date as possible,” Stride said. “Some have formed the unfortunate impression that the government may be seeking to avoid scrutiny, possibly on account of expecting the OBR forecast to be unsupportive of the achievement of the economic outcomes the government expects from the Growth Plan,” he said. While the OBR had made preparations to provide forecasts to support the mini-budget, Kwarteng would have had to request the information and he did not.

The unusual meeting between Liz Truss, Kwasi Kwarteng and the OBR came amid market turmoil following last week's mini-budget.

They were being finalised in the hours before the Chancellor stood up,” he told Sky News. Just like the independent Bank of England, they have got a really important role to play. In a letter to the Scottish National Party’s Westminster leader Ian Blackford and the party’s shadow chancellor Alison Thewliss, Mr Hughes said the body sent “a draft economic and fiscal forecast to the new Chancellor on September 6, his first day in office”. “They discussed the process for the upcoming economic and fiscal forecast, which will be published on November 23, and the economic and fiscal outlook,” according to the Treasury statement. In a statement published shortly after the meeting, the OBR said it will deliver an initial forecast – which “will, as always, be based on our independent judgment about economic and fiscal prospects and the impact of the Government’s policies” – to the Chancellor on October 7. A Treasury read-out following the meeting said a highly-anticipated OBR forecast will be published on November 23, when the Chancellor is due to reveal his medium-term fiscal plan.

The unusual meeting between Liz Truss, Kwasi Kwarteng and the spending watchdog came amid market turmoil following last week's mini-budget.

“This growth plan is full of detail about how this Government is going to grow the economy. “I will be frank,” he said. Detail about how we are going to bring forward the new clean energy revolution. They were being finalised in the hours before the Chancellor stood up,” he told Sky News. They were being finalised in the hours before the Chancellor stood up Just like the independent Bank of England, they have got a really important role to play.