UK budget office to produce draft of new forecasts for Oct. 7

Access to the comments Comments
By Reuters
UK budget office to produce draft of new forecasts for Oct. 7
UK budget office to produce draft of new forecasts for Oct. 7   -   Copyright  Thomson Reuters 2022   -  

<div> <p><span class="caps">LONDON</span> – Britain’s independent fiscal watchdog, the Office for Budget Responsibility (<span class="caps">OBR</span>), 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.</p> <p>Kwarteng has said he plans to announce a budget statement on Nov. 23.</p> <p>He unveiled a string of tax cuts last week in a fiscal statement that was not accompanied by <span class="caps">OBR</span> forecasts and which sent British financial markets into turmoil.</p> <p/> </div>