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The National (Scotland)
The National (Scotland)
National
Xander Elliards

PM and Chancellor to meet budget watchdog boss as market turmoil continues

THE embattled Prime Minister and her Chancellor will meet with the head of the Office of Budget Responsibility on Friday, in the latest effort by the pair to reassure markets and voters that the economic turmoil sparked by their “mini-budget” is under control.

It comes after bombshell revelations that Kwasi Kwarteng refused the OBR’s offer to publish a new economic forecast on the effects of his policies – despite it having "been in the position to do so to a standard that satisfied the legal requirements".

Treasury and Downing Street sources hit back at suggestions that it was an emergency meeting with OBR chair Richard Hughes, but it comes after days of chaos in the financial markets and fears of rocketing mortgage bills.

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