HM Treasury

Chancellor brings forward Growth Plan and OBR Forecast

HM Treasury has announced that Chancellor of the Exchequer Kwasi Kwarteng has brought forward the date for when he will publish his economic and fiscal forecast, along with the Medium-Term Fiscal Plan, by almost a month.

In a letter addressed to Rt Hon Mel Stride, Chair of the Treasury Select Committee, Kwarteng confirmed that the date for his announcement has been brought forward from the original date of the 23rd November, to the 31st October.

Kwarteng wrote:

“The new forecast date on 31 October will allow the OBR to capture data releases, such as the recent Quarterly National Accounts and Blue Book revisions. It will allow for a full forecast process to take place to a standard that satisfies the legal requirements of the Charter for Budget Responsibility enacted by Parliament and that also provide an in-depth assessment of the economy and public finances. And it will provide time for the Medium-Term Fiscal Plan to be finalised. In the meantime, the Prime Minister and I met with the OBR’s Budget Responsibility Committee on Friday 30 September to discuss the economic and fiscal outlook, and we continue to work closely together throughout the forecast process and beyond.”

This statement is likely to cover the how the Chancellor is planning on covering the £43 billion worth of tax cuts that he announced in the mini-budget in September, whilst a forecast will also be published that will detail how the economy is going to perform over the course of the coming years.

PSE Mag

PSE February/ March 2024

Digital Infrastructure - the key to shaping the future of our rural communities

Dive into our latest edition for February/March!

 

Videos...

View all videos
Online Conference

Presenting

2024 Online Conferences

In partnership with our community of public sector leaders responsible for procurement and strategy across local authorities and the wider public sector, we’ve devised a collaborative calendar of conferences and events for leaders of industry to listen, learn and collaborate through engaging and immersive conversation.

All our conferences are CPD accredited, which means you can gain points to advance your career by attending our online conferences. Also, the contents are available on demand so you can re-watch at your convenience.

Public Sector Executive Podcast

Ep 51. Diversity, equality and representation with Stuart Love, Chief Executive of Westminster City Council

It is the role of local government leaders to make the decisions that will best deliver for the communities that they represent. That much is obvious.
 

How can they do this, however, if they are not accurately representative of those very communities?
 

Great strides have been made in ensuring that everyone, regardless of their ethnicity, race, gender, or social class is represented in some way within local government. Chief Executive of Westminster City Council Stuart Love joins host Dan Benn to talk about why this work is important, the different work that is being done in Westminster, and how his background influences his stance on equality and diversity.

More articles...

View all