Liz Truss and Kwasi Kwarteng will meet the head of the UK’s independent fiscal watchdog today amid the fall-out from the government’s mini-budget.
The talks with the Office for Budget Responsibility (OBR) come after a week of economic turmoil following last Friday’s announcements, which saw the pound plunge, mortgages rocked and pension funds needing to be saved.
It is highly unusual for a PM to attend an OBR meeting – which is usually held between the independent watchdog and the chancellor to discuss upcoming economic forecasts – but the Treasury has denied that this is an emergency measure.
The OBR was set up by the government in 2010 to provide independent analysis of the UK’s public finances.
Financial Secretary to the Treasury Andrew Griffith said it was “a very good idea” for the meeting to take place, but former Bank of England deputy governor Sir Charles Bean told Sky News “there is an element of closing the stable door after the horse has bolted”.
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Senior Tory blames mini-budget for turmoil
The news came hours after the Treasury Select Committee, made up of MPs from all parties, demanded that the chancellor release a full economic forecast from the OBR by the end of October.
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He is also being urged to bring forward his medium-term budget from 23 November.
Mr Griffith hinted to Sky News that a report could come sooner, saying the independent OBR has “got to be given the freedom and ability to do that”.
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But, he added: “That’s a decision for them. It’s not for me or anyone else to dictate that to them.”
Ms Truss and Mr Kwarteng have said they are still committed to their policies – and argue that a £45bn package of tax cuts is the “right plan” for the economy.
But Labour’s shadow business secretary Jonathan Reynolds said the mini-budget was “without question one of the biggest unforced errors in policymaking in this country’s history”.
He reiterated the demand of his and other opposition parties to recall parliament and reverse the fiscal measures.
No independent OBR forecast accompanied last week’s announcements – but the watchdog said it had prepared a draft for the new chancellor on his first day in office.
The absence of this forecast reportedly contributed to concerns in the City.
Mr Griffith insisted a forecast last Friday would not have been able to “reflect [the] economic growth in their numbers” that he claimed would come from government policies, as the measures would have been “finalised in the hours before the chancellor stood up”.
But Mel Stride, Conservative chair of the Treasury Select Committee, had said in his letter to the chancellor it is “hard to conclude other than that an absence of a forecast has in some part driven the lack of confidence in markets”.
He added: “Some have formed the unfortunate impression that the government may be seeking to avoid scrutiny, possibly on account of expecting the OBR forecast to be unsupportive of the achievement of the economic outcomes the government expects from the Growth Plan, including 2.5% trend growth in the medium term.”
Sir Charles agreed, saying the lack of forecast was “clearly one of the factors that is contributing to the market turmoil”.
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Chancellor ‘sticking with growth plan’
Mr Kwarteng had said the forecast would be released on 23 November – but after last Friday’s mini-budget caused economic turmoil, the committee discovered the chancellor will be getting an initial OBR forecast on 7 October.
They asked him to publish “without delay” the initial economic and fiscal forecast the OBR provided to him when he started the job a few weeks ago.
A reply from the chancellor has been requested for no later than Monday.
Mr Stride also expressed frustration in his letter at having pressed Mr Kwarteng and his predecessor Nadhim Zahawi to publish an OBR forecast before the mini-budget and said the OBR had assured him on 26 August that it could produce a forecast to that timescale and had already been working on it for a month.
“The OBR was standing by ready to provide a meaningful forecast alongside the 23 September statement had the Treasury requested it. No such request was received,” Mr Stride said.
Mr Stride said he was pleased to see the OBR meeting happening.
“The PM and the chancellor must use this meeting as a reset moment – an opportunity to urgently bring forward the OBR forecast incorporating credible new fiscal rules and a plan which the OBR assesses as having a good chance of meeting them.
“Then we can all take a deep breath and start to move forward with greater confidence.”
The senior Tory told Sky News’ Daily Podcast earlier on Thursday: “Many colleagues are very concerned, and I think that’s totally unsurprising.
“I mean, I can speak for myself. I’m on the record as saying that I think if we’re not very careful, then our position as being the party of sound money and economic responsibility, fiscal responsibility, may be in jeopardy.”
Mr Stride added that he did not think it was incompetence that caused the current problems and suspects “some of those involved have been taken slightly by surprise how quickly the markets turned” but he thinks publishing an OBR forecast would be central to calming the markets by “demonstrating credibility”.
A YouGov poll for The Times shows Labour has opened up a massive 33-point lead over the Conservatives.
Tory MP Sir Charles Walker admitted his party would be “wiped out” if an election was called tomorrow – and “would cease to exist as a functioning political party”.
Mr Griffith tried to urge calm within his party, telling Sky News: “This is a difficult time for all developed economies and for all governments. This is a government that’s taken decisive steps to deal with the immediate energy crisis.”
But former Bank of England top brass Sir Charles took issue with the government’s focus on energy bills and the war in Ukraine, saying: “If all the government had announced last Friday was the energy price guarantee… I don’t think there would have been a problem with there not being an accompanying forecast because those support measures are intended to be temporary and will be self-terminating when wholesale energy prices fall back.
“The thing that created the problem, in my view, was the fact alongside that the chancellor chose to announce the rolling back of National Insurance increases and the slated increase in corporate taxes… and those are intended to be permanent, so they potentially have implications for the sustainability of the public finances.”
The Duchess of Sussex’s lifestyle series premiered this morning – in which she talks about her life in California, her time spent living in Argentina and her love of food.
With Love, Meghan – an eight-part series on Netflix – had been delayed from a January release due to the Los Angeles wildfires.
The episodes, which last about 30 minutes each, feature a host of celebrity friends along with a few cameos from her husband, Prince Harry.
From her first jobs growing up to what she was like on the Suits set, here are some things we learnt about the duchess.
Image: Meghan, Duchess of Sussex and Mindy Kaling.
Pic: Netflix
‘I’m Sussex now’
One of Meghan’s guests is The Office star Mindy Kaling, who she bonds with over their lives as toddlers’ mums while putting together a tea party in the garden.
As they put sandwiches together for the tea, Meghan talks about her love of Jack In The Box – a classic US fast-food chain, to which Kaling responds: “I don’t think anyone in the world knows that Meghan Markle has eaten Jack In The Box and loves it.”
The duchess laughs and says: “It’s funny, you keep saying Meghan Markle, you know, I’m Sussex now.
“You have kids, and you go, ‘now I share my name with my children’… I didn’t know how meaningful it would be to me, but it just means so much to go ‘this is our family name, our little family name’.”
Similarities with Archie
During episode four, the duchess goes on a hike with her friend Delfina Blaquier, who is married to Argentinian polo star Nacho Figueras, and together they have a picnic with homemade focaccia bread.
The duchess reveals how she passed time during her childhood – and the similar traits her son, Archie, has: “As a kid, I was taking a bag of tea from the drawer in my house, putting it in a mason jar or probably an empty jar that once held spaghetti sauce and putting it in the sun, and sitting there… waiting for it to change colour.
“Funny enough, which Archie does now.”
Days before the show aired, in an interview with People magazine, the duchess said Archie had told her: “Mama, don’t work too hard” during filming.
She added the five-year-old helped with the clapperboard while visiting the set with his sister Lilibet and Harry.
Image: Delfina Figueras and Meghan, Duchess of Sussex.
Pic: Netflix
Life in Argentina
The two friends met through their husbands – “The moment we met, we bonded over our love of the outdoors and being in nature. We always hike together whenever she’s in town. And sometimes we let our husbands join us,” Meghan says.
Reflecting on when they first met, Meghan says: “What’s so funny is, I remember when we first met, and you were like: ‘Wait a minute, you speak Argentinian Spanish?’ But it’s such a pretty language because it sounds so musical.”
Her friend says: “When you started speaking Spanish and I recognised the Argentinian, I was blown away, because I didn’t know that…”
“That I’d lived there,” Meghan responds.
She adds: “When I lived in Argentina, I think the reason I loved it so much is because it reminded me of California in a lot of ways. Where you have the mountains and you have this joy of life and the joy of being outside.
“I was only there for a few months interning at the US Embassy, but I loved it.”
First jobs in doughnut and yoghurt shops – and some more childhood memories
In episode five, as Meghan hosts long-time friends, former Suits co-star Abigail Spencer and Kelly McKee Zajfen, she says that her first job was at Humphrey Yogart, a frozen yoghurt shop in Los Angeles playfully named after actor Humphrey Bogart.
That came after she told chef Roy Choi in episode three, as she presented him with doughnuts she prepared for him, that she once had a job at a doughnut shop.
“Doughnuts in general just remind me of my childhood,” she said.
“I once had a job at a little donut shop called Little Orbit Donuts. They made tiny, tiny, little mini donuts.”
She said she often helped them sell at craft venues, adding that doughnuts generally were a big part of her childhood.
“Growing up, driving down Highland to get to school, there was always a Yum Yum Donuts right there.”
“Highland and Melrose,” Choi clarifies.
“Exactly… is it still there?”
When Choi says it is, she responds: “Oh my god. I should go back in.”
In another episode, Kaling asks whether Meghan began cooking at home or picked it up later. Meghan replies: “I was a latch-key kid so I grew up with a lot of fast food and also a lot of TV tray dinners.
“It feels like such a different time but that was so normal with the microwavable kids meals.”
Meghan also recalls her “many years” as a Girl Scout, telling Delfina Blaquier: “I started as a Daisy, which is when you’re five or six, and I sold a lot of cookies, and my mum was my troop leader.
“To get kids out in nature, that in and of itself is worth its weight in gold. And it just breeds curiosity, and you never forget that stuff you learned.”
Life in Montecito house
Image: Branden Aroyan and Meghan, Duchess of Sussex.
Pic: Netflix
The lifestyle show, which was filmed in a California farmhouse rather than in her Montecito house, features her describing her every day life – including how it is a “daily” task to pick fruit when it’s in season at her home.
Episode one Hello Honey! features Meghan’s friend Daniel Martin as she prepares a “thoughtful guest basket”.
It begins with her harvesting honey from bees, saying: “The biggest thing is keeping a low tone – talk in our bee voice.”
With the help of a beekeeper, she talks about “trying to stay in the calm of it because it’s beautiful to be this connected”.
Harry is the king of eggs
When asked by Kaling about how best to season eggs, the duchess says: “I have a family, a husband, who no matter what meal is put in front of him before he tastes it puts salt on, so I try to under salt.”
Harry himself, it is later revealed, is something of an egg connoisseur.
Speaking to two close friends in a later episode, she says “H” is a “great cook” and makes “the best scrambled eggs”.
She further praises him by saying he generally makes “a really good breakfast”.
Bacon was the subject of discussions on more than one occasion during the series, with Meghan saying that whenever she cooks it the kitchen “becomes full of husband and three dogs”.
“It’s not my perfume that’s bringing them all in,” she jokes.
What the duchess was like during Suits
Meghan’s days of playing paralegal Rachel Zane in popular drama Suits came to an end in 2018, the year she married Harry.
But she has clearly remained close with co-star Abigail Spencer, who played Dana Scott.
In episode five, as the pair sat in Meghan’s garden alongside Kelly McKee Zajfen, Spencer reflected on what Meghan was like during the Suits days.
She said Meghan was “the head of morale on the show,” to which Meghan thanked her and added: “I liked to plan fun for everyone.”
Heart-warming moments of Meghan with beloved beagle
The whole series ends with a tribute to Meghan’s late dog, Guy, who featured prominently in several episodes.
One morning, the duchess is seen making bone-shaped peanut butter biscuits for the rescue beagle, who died shortly after filming wrapped, saying you can make them with leftover bacon from breakfast.
Image: The Duke and Duchess of Sussex with Guy. Pic: Meghan, Duchess of Sussex
She admitted there was “never” any leftovers in her house because “we eat a lot of it” – another reference to the Sussexes love of bacon.
“I would do anything for Guy, and he knows it,” she then says. “He can have whatever he wants ’cause he is whatever kind of guy you need him to be depending on the day. My sweet guy, my silly guy, my saucy little guy. Always my spoiled guy.”
Later, as she hands him a peanut butter cookie, she adds: “They provide us with unconditional love, so they get unconditional peanut butter dog biscuits. Why not?”
The Sussexes also have two other dogs – another rescue beagle named Mia and a black Labrador called Pula, who is seen trying to steal some of Meghan and her guests’ food at various points during the series.
Meghan’s ‘next chapter’
In the eighth and final episode, called Feels Like Home, Meghan prepares for Prince Harry to make an appearance.
She is putting together a brunch for family and friends to celebrate the “next chapter” in her life.
Sharing details of how she envisages the so-called “next chapter”, Meghan, wearing a blue maxi dress and putting the finishing touches to a spread of food outdoors, says: “Of course, my husband will be here, my mum will be here, my best friend since college, my community having a brunch in the sunshine with the people that I love, celebrating this next chapter of my life.”
A judo Olympian has said her family is “devastated” after the discovery of body in the search for her missing brother.
Lubjana Piovesana, 28, appealed for help to find her younger sibling, Luis, 26, on Saturday. He had not been seen since the early hours of Friday morning.
A body was found in the River Frome near Napier Road in Eastville, Bristol, at around 6pm today, Avon and Somerset Police said.
Formal identification is yet to take place, the force added.
In a post on Instagram, Ms Piovesana wrote: “Hello everyone, Luis has been found.
“We are completely devastated but he has passed away.
“I am grateful for everyone’s support. And I am so sorry this happened.
“Luis was my little brother and loved by everyone. I wish he could have seen the love from everyone. He will be remembered by us all.”
The post was signed off with a dove emoji.
Image: Luis Piovesana did not have any money or his mobile phone with him when he went missing, police said. Pics: Avon & Somerset Police
Mr Piovesana was last seen at around 3am on Friday at the Eastgate retail park, which is less than a 10-minute walk away from where the body was found.
He had travelled there by taxi from a venue in Little Ann Street, St Jude’s, a 10-minute drive away.
The 26-year-old’s family spent the weekend searching for him, and asked people to check their sheds and gardens.
His partner, Laurin Bohler, said loved ones had travelled from Birmingham to help.
Mounted officers and police drones were also involved in the investigation.
Ms Piovesana competed for Team GB before switching to the Austrian team, and defeated British competitor Lucy Renshall in the women’s -63kg judo event at the Paris Olympics last year.
A man has been jailed for life for murdering his son’s girlfriend after she returned home from the school run.
Officers from Dyfed-Powys Police were called to an address on Bigyn Road in Llanelli, Carmarthenshire, on 5 July last year.
Sophie Evans, 30, had sustained 72 separate injuries on the outside of the body, “all but three of them new injuries”.
Richard Jones, who is now 50, believed he was “being taken advantage of financially” by Ms Evans and his son, with whom she was in a relationship.
While the purpose of Jones’s visit was “purely normal”, he confronted her on that morning about his suspicions and Ms Evans’s reaction was such that Jones “lost [his] temper”.
He subjected Ms Evans to “gross violence” before ultimately strangling her and leaving the property to run errands, including ordering a new bank card and buying pastries from a bakery.
Image: Richard Jones. Pic: Dyfed-Powys Police
‘Last time on their school run’
During sentencing on Monday, the defendant kept his head bowed for most of the hearing.
He will have to serve at least 20 years behind bars before he can be considered for release by the parole board.
Swansea Crown Court heard Ms Evans was the mother of two young children.
Passing his sentence, Judge Geraint Walters said Ms Evans “had just taken her two children for the last time on their school run” prior to the attack.
“She wasn’t to know that when she parted company with them that morning,” he added.
The court heard the Jones believed he was being defrauded by Ms Evans and his son.
“There is clear evidence, that in the days leading up to this, that you had begun harbouring thoughts that Sophie Evans and your own son were in fact financially scamming you,” he said.
“What precisely brought about that view is difficult to determine.”
Judge Walters said Jones “lost [his] temper when [he] didn’t get the answer that [he] thought [he] deserved”.
He added that, having lost his temper, the defendant “subjected [Ms Evans] to gross violence over a period of time, before you ultimately extinguished her life by strangulation”.
The court was told in evidence that at the time of the attack, Ms Evans was wearing only a bath towel.
‘The rock of our family’
In a victim personal statement, Ms Evans’s sister Kerry Quinlan told the court she was “the rock of our family”.
She said Ms Evans was taken from them in a “senseless and cruel act”.
“Words cannot express fully how much of a loss this has been to her children,” she added.
“When they cry themselves to sleep wanting their mum, she isn’t there and never will be.”
Ms Quinlan added that Jones had “taken everything from us, all in the most despicable way possible”.
Ms Evans’s partner at the time, and the defendant’s son, Jamie Davies, said in a victim personal statement, read on his behalf, that they had both “trusted” Jones, and that Ms Evans had even been planning the defendant’s 50th birthday.
“The thought of having to live my life without Sophie causes me extreme pain and heartache,” he added.
Prosecuting, Michael Jones KC said the offence was aggravated by the defendant’s previous convictions and the fact Ms Evans was murdered in her home.
In mitigation, David Elias KC said there was a “lack of premeditation”.