Treasury Select Committee calls on Kwasi Kwarteng to release a full economic forecast by the end of October

The letter urged him to move the November 23 fiscal statement 'to as early a date as possible'

Published

The Treasury Committee has written to Chancellor Kwasi Kwarteng urging him to appear before them shortly after the Commons resumes sitting on October 10 following the conference recess.

Kwasi Kwarteng and Liz Truss face scrutiny over their mini-budget.
Kwasi Kwarteng and Liz Truss face scrutiny over their mini-budget.

The MPs said it was disappointing he had asked to postpone an appearance until after his planned November 23 fiscal statement, noting that his predecessors routinely appeared before the committee following fiscal events.

The letter urged him to move the November 23 fiscal statement “to as early a date as possible” given “the continued uncertainty within markets” and in particular before the Bank of England’s Monetary Policy Committee meets on November 3 to take “a critical decision around the level of base rate which will in turn have significant implications for the economy and for millions of businesses across the UK”.

The committee also wants the Chancellor to publish immediately the Office for Budget Responsibility economic and fiscal forecast given to him when he took office.