Kwarteng brings forward second fiscal event

From 23 November

Chancellor Kwasi Kwarteng has brought forward the publication of his medium-term fiscal plan, which will be accompanied by independent forecasts, following his U-turn on the 45% additional tax rate.

This is the second time the event has been shifted, with the chancellor originally saying it would be some time in the new year, before setting the date for 23 November following market turbulence in response to the Mini Budget. This has now been shifted again, and can expect to see publication of the plan later this month. Chancellor scraps plans to remove 45% income tax rate for high earners Chair of the Treasury Committee Mel Stride, who has repeatedly called for OBR forecasts, credited the chancellor for the move. Stride said: "I have pressed the chancellor very hard on this...