Will Kwarteng’s fiscal plan calm the markets?

Chancellor Kwasi Kwarteng has written to the Treasury select committee this morning, announcing that the date of his medium-term fiscal plan is moving forward by almost a month: from 23 November to 31 October. Mel Stride, the committee’s chair, tweeted the letter in full, adding that he ‘strongly welcome[s]’ the move (which, he says, he had ‘pressed so hard on’) in the hope that an earlier update will help mitigate rising borrowing costs.

It’s a rather unsurprising announcement from the Chancellor. Despite doubling down on his original November date at the Conservative party conference, no one realistically thought that timeline would last.