Prime Minister Liz Truss is resisting calls to bring forward publication of the independent fiscal watchdog’s assessment of her tax plans.
The Treasury has confirmed the OBR’s forecast will be released on the 23rd of November, when the chancellor is due to set out further economic plans.
Some Conservative MPs have said this should come sooner to reassure financial markets.
The Treasury argues it should wait until additional changes are announced.
These “supply side” changes to stimulate growth are expected to include measures in eight areas – business regulation, agriculture, housing and planning, immigration, mobile and broadband, financial services, childcare, and energy.
Last week, Chancellor Kwasi Kwarteng set out some of the government’s tax and spending plans – including a surprise announcement that it would scrap the 45% highest tax band for high earners.
However, his mini-budget was not accompanied by a forecast from the OBR (Office for Budget Responsibility), something which helped to fuel market turmoil.
In sports,
Ibrahim Musa Gusau has been elected as the new president of the Nigeria Football Federation (NFF).
Gusau was voted into the position at the federation’s committee election held in Benin on Friday.
The Zamfara-born football administrator defeated nine other contestants to emerge as the successor of Amaju Pinnick.
He gathered 39 out of 40 votes in the re-run election after all the candidates had initially failed to meet the 22 votes requirements.
Gusau could only manage 21 votes followed by Seyi Akinwunmi who got 12 and Shehu Dikko with 6 and a lone vote for Peterside Idah.
Akinwunmi and Dikko, however, stepped down from the re-run election except for Idah.
Doubts were written over the election after a federal high court in Abuja ruled for its stoppage following a suit by the Professional Footballers Association of Nigeria (PFAN) over unequal representation and voting rights.
