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New U.K. Finance Minister Jeremy Hunt is announcing parts of his medium-term fiscal plan, bringing forward the policy statement in an effort to calm financial markets.
The announcements Monday would come two weeks ahead of schedule. However, the full medium-term fiscal plan is still set to be published on Oct. 31, accompanied by a forecast from the independent Office for Budget Responsibility — something that was lacking in the original mini-budget announced on Sept. 23 which roiled U.K. bond markets.