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UK’s Kwarteng to Bring Forward Fiscal Plan to Calm Markets (1)

Oct. 3, 2022, 8:42 PM

Chancellor of the Exchequer Kwasi Kwarteng is due to bring forward the announcement of his medium-term fiscal plan as he seeks to reassure financial markets about his economic strategy.

Kwarteng, who was previously set to publish the proposal alongside a set of economic forecasts on Nov. 23, will now announce it sooner, according to two people familiar with the matter, who spoke on condition of anonymity because the plan isn’t public. The exact date for publication is yet to be confirmed, one of the people said.

Top Bankers Tell Kwarteng to Communicate More to Calm Markets

WATCH: What next after Truss and Kwarteng’s about turn? Leigh-Ann Gerrans reports.
Source: Bloomberg

Kwarteng has been ...