Leader of the House of Commons Penny Mordaunt will at the bottom of the hour deliver the gov'ts answer to an urgent question granted to the opposition regarding the sacking of former Chancellor of the Exchequer Kwasi Kwarteng on 14 October. PM Liz Truss has declined to attend the Commons to face Leader of the Opposition Sir Keir Starmer herself. Livestream: https://www.youtube.com/watch?v=jDtfioiaBMU

  • Following the UQ and its follow up questions, likely around 1630BST (1130ET, 1730CET), Chancellor of the Exchequer Jeremy Hunt will deliver his statement on the major U-turn in gov't policy announced earlier today that sees almost all of the 23 September mini budget measures reversed.
  • Over the course of the day, data from Smarkets shows the betting market implied probability of Truss leaving office in 2022 rising from a 24 hour low of 54.1% at 0845BST to 70.4% at the time of writing.
  • Labour lead is thirty-two points in latest results from Deltapoll. Con 23% (-3) Lab 55% (+4) Lib Dem 7% (-2) Other 15% (+3) Fieldwork: 13 - 17 October 2022. Sample: 1,050 GB adults (Changes from 6 - 7 October 2022)
  • Redfield and Wilton Strategies release their weekly Westminster voting intentions opinion poll at 1700BST (1200ET, 1800CET). Significant speculation about the nature of the results.

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UK: UQ On Sacking Kwarteng Then Chancellor's Statement In Busy Commons Afternoon

Last updated at:Oct-17 14:24By: Tom Lake
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Leader of the House of Commons Penny Mordaunt will at the bottom of the hour deliver the gov'ts answer to an urgent question granted to the opposition regarding the sacking of former Chancellor of the Exchequer Kwasi Kwarteng on 14 October. PM Liz Truss has declined to attend the Commons to face Leader of the Opposition Sir Keir Starmer herself. Livestream: https://www.youtube.com/watch?v=jDtfioiaBMU

  • Following the UQ and its follow up questions, likely around 1630BST (1130ET, 1730CET), Chancellor of the Exchequer Jeremy Hunt will deliver his statement on the major U-turn in gov't policy announced earlier today that sees almost all of the 23 September mini budget measures reversed.
  • Over the course of the day, data from Smarkets shows the betting market implied probability of Truss leaving office in 2022 rising from a 24 hour low of 54.1% at 0845BST to 70.4% at the time of writing.
  • Labour lead is thirty-two points in latest results from Deltapoll. Con 23% (-3) Lab 55% (+4) Lib Dem 7% (-2) Other 15% (+3) Fieldwork: 13 - 17 October 2022. Sample: 1,050 GB adults (Changes from 6 - 7 October 2022)
  • Redfield and Wilton Strategies release their weekly Westminster voting intentions opinion poll at 1700BST (1200ET, 1800CET). Significant speculation about the nature of the results.

Related by topic

FX Bullets
FI Bullets
Political Risk Coverage
Global Macro Analysis
Political Risk Bullets
Political Market News