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UK Chancellor Brings Forward Debt-Cutting Plan to Oct. 31

Started by Epoch-Times-Bot, Oct 10, 2022, 10:30 AM

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Epoch-Times-Bot

UK Chancellor Brings Forward Debt-Cutting Plan to Oct. 31

The UK government’s plan to reduce debt will be published on Oct. 31, more than three weeks before it was originally due, Chancellor of the Exchequer Kwasi Kwarteng said on Monday.
In a letter to Parliament’s Treasury Committee Chair Mel Stride, Kwarteng said he had decided to move up the date from Nov. 23 to Oct. 31.
An economic and fiscal forecast from the Office for Budget Responsibility (OBR) will be published alongside the government’s medium-term fiscal plan on the date.
It follows confusion last week around whether the chancellor was planning to bring forward the date after the government came under fire for not publishing an OBR forecast along with its mini-budget last month....

Source: UK Chancellor Brings Forward Debt-Cutting Plan to Oct. 31


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