Chancellor Jeremy Hunt will make a statement today, outlining measures from the medium-term fiscal plan that will support “fiscal sustainability”, the Treasury said.
In the statement, the Treasury confirmed that the Chancellor would accelerate plans after conversations with the Prime Minister over the weekend.
The plans will be released in full on Monday, October 31.
The statement also said Hunt also met with the Governor of the Bank of England and the head of the debt management office on Sunday evening to brief them on the plans.
The Chancellor @Jeremy_Hunt will make a statement this morning outlining measures from the medium-term fiscal plan that will support fiscal sustainability.
A statement to @HouseofCommons will follow this afternoon.
Learn more: https://t.co/iA4DkquxaP pic.twitter.com/d29N5vaxrC
— Her Majesty’s Treasury (@hmtreasury) October 17, 2022
It reads: ‘This follows the Prime Minister’s statement on Friday and further conversations between the Prime Minister and the Chancellor over the weekend, to ensure that sustainable public finances support economic growth.’
asks Liz Truss to resign
It comes as Prime Minister Liz Truss began to face calls to resign over the weekend.
Crispin Blunt, Andrew Bridgen and Jamie Wallis all called on the prime minister to step down on Sunday, while other figures in the parliamentary party expressed discomfort with his leadership.
Over the weekend, Hunt insisted Truss was still in the driver’s seat, even as he diagnosed the need for a tough package of tax hikes and spending cuts to stabilize the UK economy. .