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STEWART HOSIE MP HAS BACKED CALLS FOR CHANCELLOR TO GO

Stewart Hosie MP has backed calls for the Chancellor of the Exchequer, Kwasi Kwarteng, to resign or be sacked following his shambolic handling of the UK’s finances.

It comes as the independent Office for Budget Responsibility (OBR) confirmed they offered to provide a forecast to the Chancellor to go alongside his fiscal statement, but that it was not commissioned by the UK Government.

This was despite the OBR confirming it was in a position to produce an updated forecast that satisfied the legal requirements of the Charter for Budget Responsibility.

Commenting, Stewart Hosie MP said:

“The fallout from the new Truss administration’s ‘mini-budget’ has been huge, taking a wrecking ball to the UK’s finances, endangering the pension funds of millions, causing banks to withdraw mortgages and leaving millions of families across the UK in deep distress. It’s like Black Wednesday 1992 all over again.

“We now learn that despite the OBR publishing their forecast to the UK Government, the Treasury will delay the publication until 23 November. This is simply unacceptable. “It’s been a disastrous first few weeks of her premiership but if the rhetoric from the Conservatives is to be believed, the worst of this Truss government is yet to come.

“Within days of taking office, we have once again seen the devastating consequences of Scotland being shackled to this outdated, corrupt Westminster system. People’s mortgages, pensions and savings are all being badly hit – and there is no plan to fix it.

“Instead of trying to dodge accountability or, as we now know, drinking champagne with hedge fund managers on the night of his budget, the Chancellor must do the honourable thing and resign or be sacked.

“There can be no doubt that the only way to keep Scotland safe for good from the long-term damage of Westminster control is by electing our own governments which reflect our own choices and values and which can match our resources to the problems we face, without worrying if Westminster has approved it first.”



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