The prime minister will publish the Office for Budget Responsibility’s forecast on 23 November, despite calls for an early release of the report.
Liz Truss and chancellor Kwasi Kwarteng are rejecting calls to publish the assessment from the fiscal watchdog despite market turmoil.
Ms Truss and Mr Kwarteng held an emergency meeting this morning with Richard Hughes, chairman of the OBR, which appeared to last less than 50 minutes.
Shortly after the meeting with No 10, the OBR said it would deliver “an initial forecast” on 7 October on “economic and fiscal prospects and the impact of the government’s policies”.
In a statement, the OBR said: “The forecast will, as always, be based on our independent judgment about economic and fiscal prospects, and the impact of the government’s policies.”
Mr Kwarteng unveiled a string of tax cuts last week in a fiscal statement that was not accompanied by OBR forecasts. The forecaster said it had offered to prepare a draft for the new chancellor in time for the mini-budget but it was not taken up.
