Kwasi Kwarteng’s decision to bring forward his announcement on the government’s spending plans could help ease mortgage pain for millions of home-owners, a senior Tory has said.
The chancellor’s climbdown on the seven-week wait – his second major U-turn within 24 hours – came after sustained lobbying from the chair of the Commons Treasury Committee, Mel Stride, who argued that Mr Kwarteng’s plan for a 23 November statement would prolong market uncertainty.
