Kwasi Kwarteng has said he will provide a timeline for an independent economic forecast from the Office for Budget Responsibility (OBR) during his mini-budget.
The Chancellor has faced criticism for refusing to publish a forecast of the UK’s economic outlook alongside his fiscal statement, in which he is expected to announce major tax cuts.
Earlier this week, the Commons Treasury Committee wrote to Mr Kwarteng, insisting the fiscal event should be accompanied by OBR data.
In a letter responding to the committee, the Chancellor said: “In the first days of the new Government, we have provided significant support for households and businesses and are acting swiftly to set out a growth plan to Parliament on Friday.
“We remain committed to two forecasts in this fiscal year, as required by legislation. I will provide an update on the timetable for an OBR forecast during my statement to the House on September 23.”
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