UK Chancellor Brings Forward Debt-Cutting Plan to Oct. 31

Chancellor of the Exchequer Kwasi Kwarteng attends an In Conversation with the Institute of Economics Affairs and TaxPayers' Alliance on the third day of the Conservative Party conference in Birmingham, England, on Oct. 4, 2022. Ian Forsyth/Getty Images

The UK government’s plan to reduce debt will be published on Oct. 31, more than three weeks before it was originally due, Chancellor of the Exchequer Kwasi Kwarteng said on Monday.

In a letter to Parliament’s Treasury Committee Chair Mel Stride, Kwarteng said he had decided to move up the date from Nov. 23 to Oct. 31.