UK’s OBR: discussed economic and fiscal outlook with Truss, Kwarteng
LONDON (Reuters) – Britain’s independent fiscal watchdog, the Office for Budget Responsibility (OBR), said its committee had discussed the economic and fiscal outlook in a meeting with Prime Minister Liz Truss and finance minister Kwasi Kwarteng on Friday.
The OBR has been asked by Kwarteng to produce a first draft of its next economic forecasts on Oct. 7 ahead of his planned budget statement on Nov. 23.
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“We will deliver the first iteration of that forecast to the Chancellor on Friday 7 October and will set out the full timetable up to 23 November next week,” the OBR said in a statement following the meeting.
“The forecast will, as always, be based on our independent judgment about economic and fiscal prospects and the impact of the government’s policies.”
(Reporting by Muvija M, Editing by Kylie MacLellan)