LONDON - Prime Minister Liz Truss and her finance minister Kwasi Kwarteng will meet the head of Britain's independent fiscal watchdog on Friday as the government looks to reassure financial markets after days of chaos triggered by planned tax cuts.
His plans sent markets into turmoil over investor concern about how the government would pay for the borrowing required for the cuts. Critics, including some in the ruling Conservative Party, say Truss and Kwarteng should have included forecasts from the OBR to reassure markets about where the funding would come from for their proposed 45 billion pounds of tax cuts.
A committee of lawmakers in Britain's parliament on Thursday urged Kwarteng to bring forward his budget statement which will include new forecasts by the country's fiscal watchdog.