THE Prime Minister and Chancellor will “work closely” with the Office for Budget Responsibility (OBR) in the coming weeks and said they “value” the watchdog’s scrutiny, the Treasury has said.
Following an unusual meeting with Liz Truss and Kwasi Kwarteng – which appeared to last under 50 minutes – the OBR confirmed it will deliver an initial forecast to the Chancellor on October 7 which “will, as always, be based on our independent judgment about economic and fiscal prospects and the impact of the Government’s policies”.
It said it will set out the full timetable up to November 23 next week, when the Chancellor is due to reveal his highly-anticipated medium-term fiscal plan.
