Tory Party Conference 2022 Live We Could Have Laid Out Better For Mini Budget Says Liz Truss

Mr Stride said it should be possible for the OBR to publish its report before the Bank of England’s next rate-setting Monetary Policy Committee (MPC) meeting on November 3. “If he has a satisfactory OBR report before that meeting on November 3, I would imagine and expect that the rate hike probably won’t be as high as it would otherwise be,” he told Sky News’ Sophy Ridge On Sunday programme. “This OBR report, the fiscal targets, would reassure the markets, there would be less concern about the inflationary impact of government policy and therefore the MPC would raise rates potentially a little less.”