Leading investor warns that markets want to see growth plans as well as fiscal responsibility
The UK’s fiscal watchdog will release its latest outlook on the economy and public finances today, alongside the Chancellor’s Autumn Statement.
Kwasi Kwarteng’s refusal to allow the Office for Budget Responsibility to assess his planned tax cuts contributed to the market mayhem after the mini-budget, as investors judged the measures weren’t credible.
“That’s the number one thing that we’ve been calling for and we’re pleased we’re going to see it today”.
