Worryingly, gilt yields are rising again and another potential cliff-edge moment comes on Friday
At last, some clarity from Kwasi Kwarteng, even if we’re only talking about the day on which the chancellor intends to make himself clear. The grand unveiling of the debt-cutting plan will happen on 31 October, which risks riffs about ghoulish Halloween tricks but is better than trying to prolong the agony until late November.
The Office for Budget Responsibility will be released from captivity on the same day and permitted to opine on Kwarteng’s “medium-term fiscal plan”. So normal service, or something like it, is being restored – and in time for the Bank of England’s interest rate-setters to announce their critical next decision on 3 November in full possession of the fiscal facts.
