Skip to content
Thursday 20 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,743.35
+0.14%
DAX
26,091.33
0.00%
CAC 40
8,501.91
0.00%
STOXX 50
6,444.46
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Sunday 15 October 2023 3:26 pm  |  Updated:  Sunday 15 October 2023 4:28 pm

Liz Truss allies set to publish ‘growth budget’ days ahead of autumn statement 

By: Jessica Frank-Keyes

Political Reporter

Add as a preferred source on Google
Liz Truss's fateful mini-budget triggered a debt sell-off that forced the Bank of England to intervene
Liz Truss's fateful mini-budget triggered a debt sell-off that forced the Bank of England to intervene

Liz Truss allies are set to publish their so-called ‘growth budget’ just days ahead of Jeremy Hunt’s autumn statement.

The former Prime Minister, who spent just 49 days in power, set up the Growth Commission after leaving Downing Street in a bid to challenge what she termed ‘Treasury orthodoxy’.

Now the task force has announced it will publish its own alternative ‘growth budget’ on 14 November – just days ahead of the Chancellor’s budget on November 22.

The document will be a pre-budget report, titled ‘The Growth Budget 2023’ and will analyse policies using “up-to-date dynamic economic assessment models”, a spokesperson said.

Truss’s commission says it will unveil a “detailed challenge to the conventional thinking” with its analysis including reforms to corporation taxes, income tax and national insurance.

Its scope will cover policy proposals, public sector spending and regulatory reform and assess effects on long-term GDP growth per capita over the course of 10, 15 and 20 years. 

Advocates say the growth commission’s work will take into account more detailed modelling on behavioural impacts, such as on the tourist tax, which they say the Treasury fails to do.

Read more

‘Moron premium’ – Westminster turmoil has ‘cost taxpayers £35bn’ since 2022

Westminster Houses of Parliament under clear sky, iconic London landmark representing UK government and politics

Co-chairman Doug McWilliams called it “a detailed challenge to conventional thinking which has proved unable to rise to the challenge of fixing the UK’s low growth problem thus far”. 

He added: “At a time when politicians of all parties are at a loss to explain how to generate growth, this is why it is so important to be putting forward an alternative that does provide answers, backed by leading economists from around the world.”

And co-chairman Shanker Singham added: “One of the exciting things about the budget is that we are looking at both tax and fiscal policy as well as domestic regulatory policy.

“We believe potential GDP per capita growth that could be unleashed as a result of regulatory reform is much larger than many have imagined and look forward to setting that out.”

A HMT spokesperson said: “We were among the fastest countries in the G7 to recover from the pandemic and since 2020 we have grown faster than France and Germany. 

“The best way to continue this growth is to stick to our plan to halve inflation this year, with the IMF forecasting that we will grow more than Germany, France, and Italy in the longer term.”

Read more

Healey announces early Budget

Man in suit and red tie speaking at a podium to an audience in a modern building.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • Budget
  • Jeremy Hunt
  • Liz Truss
  • Tax
  • Treasury
  • UK Government

Trending Articles

  • Which is the smelliest Tube line?

  • Take it from an AI founder, London is where it’s at

  • Xsolla Announces Multi-Year Strategic Partnership With the Good Game Club Podcast to Amplify Positive Stories From the Global Games Industry

  • Forecast rain sweet for Sugar and Kalpana

  • State ready to Star on the Knavesmire

More from Morning Wire

  • ‘Moron premium’ – Westminster turmoil has ‘cost taxpayers £35bn’ since 2022

    Politics
    Westminster Houses of Parliament under clear sky, iconic London landmark representing UK government and politics
  • Healey announces early Budget

    Politics
    Man in suit and red tie speaking at a podium to an audience in a modern building.
  • Top economists shun Burnham over wealth taxes

    Politics
    Andy Burnham speaking at a press conference, expressing confidence despite challenges, highlighting leadership and resilie...
  • Big Yellow slashes staff and turns to automation after Reeves’ business rates blow

    Markets
    Bright yellow object against a contrasting background, highlighting its significance in a general news context.
  • UK economy weathers Iran war shocks but slowdown incoming

    Economics
    Chancellor John Healey smiling, wearing a navy suit, white shirt, and red tie.
  • Burnham’s encounter with political and economic reality will be brutal when it comes

    Politics
    Andy Burnham discussing capital gains tax increase during a press conference, highlighting potential economic impacts
  • Industry chief warns ‘resilience not enough’ for growth

    Economics
    Shevaun Haviland, British Chambers of Commerce boss, speaking at a business event, emphasizing economic growth strategies
  • Government debt repayment ‘could rise to half’ of total taxes

    Economics
    OBR chiefs told the Treasury Select Committee that a higher tax burden could stifle growth.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook