Mr Kwarteng had been facing growing calls to produce his fiscal statement which will outline how the government intends to pay for the £43bn worth of tax cuts in the mini-budget and how they plan to reduce debt.
Writing to Treasury Select Committee Chairman Mel Stride, Mr Kwarteng said:"I have previously written to inform you that an economic and fiscal forecast will be published alongside the Medium-Term Fiscal Plan on 23 November. I have decided to bring this date forward to 31 October."
The chancellor adds that the revised date"will allow for a full forecast process to take place to a standard that satisfies the legal requirements of the Charter for Budget Responsibility" which"provides an in-depth assessment of the economy and public finances".
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