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Good morning. October is the new November: Kwasi Kwarteng will lay out his fiscal plans on 31 October, part of a series of measures designed to reassure markets and get the Tory party back on track. Conservative misery is Labour joy, of course. Some thoughts both on Kwarteng’s quest for reassurance and the current state of Labour in today’s note.
Inside Politics is edited by Gordon Smith today. Follow Stephen on Twitter @stephenkb and please send gossip, thoughts and feedback to insidepolitics@ft.com.
Laffer? I nearly started
The additional rate of tax will not be scrapped. Kwasi Kwarteng will not wait until 23 November to set out his plans to manage the UK’s public finances in greater detail. The Office of Budget Responsibility will run the rule over the chancellor’s “mini” Budget. Antonia Romeo will not be the Treasury’s new chief civil servant.
These measures all have a common aim: to convince markets that the…
