Business and economics experts in Nottinghamshire say Conservative Government help for soaring energy bills will "only marginally offset" the strain on the personal finances of ordinary people. On top of this comes economic uncertainty following the unveiling of Prime Minister Liz Truss and her chancellor Kwasi Kwarteng's mini-budget, which has left many businesses at a "critical point".
On September 30 Ms Truss and Mr Kwarteng met with the Office for Budget Responsibility’s (OBR) budget responsibility committee, including its chair Richard Hughes, at Downing Street. The Tory top brass said it welcomed the scrutiny of the OBR and a fiscal and economic forecast will now be published on November 23.
Their meeting came amid economic turmoil following the publication of the mini-budget, which cut the top rate of tax from 45p to 40p, handing 660,000 people who earn more than £150,000 a year a saving of £10,000, while income tax was slashed alongside Stamp Duty.
