UK budget office to produce draft of new forecasts for Oct. 7
Reuters
Published Sep 29, 2022 15:45
LONDON (Reuters) - Britain's independent fiscal watchdog, the Office for Budget Responsibility (OBR), said on Thursday it had been asked by finance minister Kwasi Kwarteng to produce a first draft of its next economic forecasts on Oct. 7.
Kwarteng has said he plans to announce a budget statement on Nov. 23.
He unveiled a string of tax cuts last week in a fiscal statement that was not accompanied by OBR forecasts and which sent British financial markets into turmoil.
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Written By: Reuters
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