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Wales Online
Wales Online
National
Dominic McGrath, PA & Matt Gibson

Truss and Kwarteng to hold crunch talks with OBR amid market turmoil

Liz Truss and Kwasi Kwarteng will meet with head of the Office of Budget Responsibility on Friday. It will be the latest effort by the pair to reassure markets and voters that the economic turmoil of recent days is under control.

Treasury and Downing Street sources hit back at suggestions it was an emergency meeting. But it comes after days of chaos in the financial markets and fears of rocketing mortgage bills sparked by the Chancellor’s mini-budget last week.

The pair will meet with Richard Hughes, the head of the independent spending watchdog pushed to the fore amid the political and economic fallout from Friday’s mini-budget.

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