EGB OPTIONS: Schatz put spread buyer

Answering Treasury questions in the Commons, Chancellor of the Exchequer Kwasi Kwarteng states that "I'm very careful not to make unfunded spending commitments on the floor of the House."

• Aubrey Allegretti at The Guardian: "Warning from Tory MP Mel Stride [and chair of Treasury Select Committee], who says the chancellor must get full support for medium-term growth plan, and any failure to win votes in parliament will "unsettle markets". Kwarteng promises he "will canvass opinion widely ahead of the publication of the plan"
• Jennifer-Anne Scott at Sky News: "Lib Dem Jamie Stone asking Kwarteng if he will raise benefits in line with inflation, saying it is the "only fair way forward" and it would be "immoral to do otherwise". But the chancellor says he won't "prejudge any measures" in his upcoming economic plan."