Treasury Committee calls for OBR forecast to be expedited due to 'continued market uncertainty'

3 November

The Treasury Committee has rebuked the UK Government over its failure to produce a full economic forecast from the Office for Budget Responsibility to accompany last week's Mini Budget.

Chair of the committee Mel Stride has written to Chancellor Kwasi Kwarteng to ask that he make an OBR forecast public "immediately" since "it is hard to conclude other than that an absence of a forecast has in some part driven the lack of confidence in the markets". He added that the OBR had assured him a forecast would have been ready to accompany the fiscal event: "The OBR was standing by ready to provide a meaningful forecast alongside the 23 September statement had the Treasury requested it. No such request was received." Since the government's Mini Budget last Friday (22 Septembe...