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The Guardian - UK
The Guardian - UK
Business
Richard Partington

Why OBR forecast is being held back until Kwarteng’s next fiscal plan

Liz Truss with Kwasi Kwarteng during the launch of her Conservative leadership campaign in July.
Liz Truss with Kwasi Kwarteng during the launch of her Conservative leadership campaign in July. Photograph: Leon Neal/Getty Images

The message the government wanted to get out was clear. After less than a month as prime minister, Liz Truss had converted from vocal scourge of Treasury orthodoxy to an active supporter.

Given the fallout in financial markets after the not-so-mini-budget, Truss and her chancellor, Kwasi Kwarteng, laid on a heavily stage-managed meeting on Friday with officials from the Office for Budget Responsibility, the Treasury’s independent economic forecaster, to try to smooth over the mess.

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