Budget watchdog very unlikely to reassure Truss and Kwarteng in emergency talks
Political Editor Robert Peston explains why the Office of Budget Responsibility can't significantly increase its forecast of growth for the economy.
Robert Peston
Peston's Politics
Follow @pestonRobert Peston is ITV News’ political editor and presenter of ITV’s Wednesday night politics show Peston. Founder of the education charity Speakers for Schools, and vice president of Hospice UK, he has written four books: How Do We Fix This Mess?, Who Runs Britain?, Brown’s Britain and WTF? Robert has won more than 30 awards for his journalism, including Journalist of the Year and Scoop of the Year (twice) from the Royal Television Society.
The big economic cost of chancellor’s failure to commission the budget experts
The lack of certainty around the likely impact of the tax cuts on the deficit and growth made the market reaction even worse than it would otherwise have been.
Why Truss can’t blame mortgage rises on Bank of England
When asked about soaring mortgage rates, Truss and Treasury chief Philp say “interest rates are a matter for the Bank of England”. This is a red herring.