On Friday 23 September, the Chancellor of the Exchequer, the Rt
Hon MP, set out how the
government would fulfil its commitment to cut taxes for people
and businesses and announced wider supply side policies to grow
the economy.
Building on this, as the Growth Plan set out on Friday, Cabinet
Ministers will announce further supply side growth measures in
October and early November, including changes to the planning
system, business regulations, childcare, immigration,
agricultural productivity, and digital infrastructure.
Next month, the Chancellor will, as part of that programme,
outline regulatory reforms to ensure the UK’s financial services
sector remains globally competitive.
He will then set out his Medium-Term Fiscal Plan on 23 November.
The Fiscal Plan will set out further details on the government’s
fiscal rules, including ensuring that debt falls as a share of
GDP in the medium term.
In the Growth Plan on Friday, the Chancellor set out that there
would be an Office for Budget Responsibility forecast this
calendar year. He has requested that the OBR sets out a full
forecast alongside the Fiscal Plan, on 23 November.
As the Chief Secretary to the Treasury set out this weekend, the
government is sticking to spending settlements for this spending
review period.
The Chancellor also confirmed that there will be a Budget in the
Spring, with a further OBR forecast.
