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Kwasi Kwarteng's fiscal plan really will be published early | Kwasi Kwarteng's fiscal plan really will be published early |
(32 minutes later) | |
After 24 hours of confusion, the Treasury has confirmed that it has brought forward the publication date of long-awaited financial plans. | After 24 hours of confusion, the Treasury has confirmed that it has brought forward the publication date of long-awaited financial plans. |
The economic forecasts could be published later this month. | The economic forecasts could be published later this month. |
This is despite both Chancellor Kwasi Kwarteng and PM Liz Truss saying that the publication date is 23 November. | This is despite both Chancellor Kwasi Kwarteng and PM Liz Truss saying that the publication date is 23 November. |
That was the date announced by the chancellor in the wake of his mini-budget 12 days ago. | |
He came under immediate pressure to bring that date forward to calm markets spooked by the lack of details on how tax cuts will be paid for. | He came under immediate pressure to bring that date forward to calm markets spooked by the lack of details on how tax cuts will be paid for. |
Faisal Islam: Kwasi Kwarteng quietly preparing Plan B | Faisal Islam: Kwasi Kwarteng quietly preparing Plan B |
Kwarteng attempts to put tax U-turn behind him | Kwarteng attempts to put tax U-turn behind him |
Kwarteng to set out debt plan earlier than planned | Kwarteng to set out debt plan earlier than planned |
He resisted these calls, saying the forecasts would not be ready in time, but appeared to have changed his mind in his speech to the Conservative Party conference on Monday. | He resisted these calls, saying the forecasts would not be ready in time, but appeared to have changed his mind in his speech to the Conservative Party conference on Monday. |
Buried in the speech was a line saying the medium-term fiscal plan would be published "shortly". | Buried in the speech was a line saying the medium-term fiscal plan would be published "shortly". |
Journalists checking this out with Treasury sources on Monday evening, had it confirmed that the statement would indeed be brought forward. | Journalists checking this out with Treasury sources on Monday evening, had it confirmed that the statement would indeed be brought forward. |
But quizzed on Tuesday about whether that was the case, the chancellor said there had been no change. | But quizzed on Tuesday about whether that was the case, the chancellor said there had been no change. |
"People have been reading the runes and the pauses, it's going to be the 23rd," he told GB News. | "People have been reading the runes and the pauses, it's going to be the 23rd," he told GB News. |
The reason for the confusion, say Treasury sources, is that they want to officially announce the change of date in Parliament - and it really will be brought forward. | The reason for the confusion, say Treasury sources, is that they want to officially announce the change of date in Parliament - and it really will be brought forward. |
But until then, 23 November will remain in the official diary.... | But until then, 23 November will remain in the official diary.... |