- The government is pursuing expansionary fiscal policies as the BoE works to cool inflation
- Since the so-called mini-Budget, the BoE and chancellor have been forced to change course – intensifying confusion
Trying to shut a stable door any time after the horse has bolted will attract attention. Chancellor Kwasi Kwarteng is trying to avoid slamming it and creating more of a ruckus by sticking to small changes to his growth plan – including bringing forward the release of his medium fiscal plan this month, instead of 23 November. The public will also get a view from the Office for Budget Responsibility at the same time.
Earlier publication of the figures could, crucially, give the Bank of England (BoE) time to consider the plans before the monetary policy committee convenes at its next rate-setting meeting on 3 November.