Truss meeting with watchdog ends with no sign of tax U-turn
UK prime minister holds unprecedented talks with fiscal watchdog
02 October 2022 - 07:46
British Prime Minister Liz Truss’s government signalled it is sticking with its plan for tax cuts after a meeting with the UK’s fiscal watchdog, dashing market expectations that a policy U-turn might be imminent.
There are no plans to alter the timetable for chancellor of the exchequer Kwasi Kwarteng to publish a full forecast from the Office for Budget Responsibility (OBR) on November 23 alongside his medium-term fiscal statement, the Treasury said in a statement on Friday after a meeting with Truss, Kwarteng and OBR chair Richard Hughes. ..
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