Will the OBR torpedo Truss and Kwarteng’s growth plan?

It is easy to forget that tax cuts were meant to be the easy part of the Truss agenda. Far more difficult will be the supply side reforms and the spending restraint necessary to put the public finances on a better path. At the government’s medium term fiscal event, currently scheduled for November 23^rd but which may be brought forward, Kwasi Kwarteng will have to say how he will sort the public finances. In the Times today, I look at his options. 

Truss and Kwarteng hope that their approach will boost the trend growth rate of the economy to 2.5 per cent. If they can achieve that, then the public finances will begin to look an awful lot healthier. But the problem for them is their coming fiscal event will be accompanied by a much-anticipated Office for Budget Responsibility forecast.