Tom Arthur, SNP MSP for Renfrewshire South, has backed calls for 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 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 able to produce an updated forecast that satisfied the legal requirements of the Charter for Budget Responsibility.

And the calls to quit have intensified after Prime Minister Liz Truss refused to rule out her Government slashing benefits and cutting £18billion from public services – which threatens Scotland’s budget and our NHS – to pay for Kwarteng’s staggering incompetence in mishandling the economy.

Commenting, Tom Arthur 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 in Renfrewshire South deep distress. 

“We now learn that despite the OBR publishing their forecast to the UK Government, the Treasury will delay the publication until November 23. This is simply unacceptable. 

“It’s been a disastrous first few weeks of the Truss premiership but if the rhetoric from the Conservatives is to be believed, much worse 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“Within days of taking office, we have once again seen the devastating consequences of Scotland being shackled to this outdated, corrupt Westminster system. Mortgages, pensions and savings of the people of Renfrewshire 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.

“And Truss’s plan to impose a new wave of Tory austerity cuts is utterly obscene. After 12 years of Tory mismanagement and Brexit damage, the UK already had the worst levels of poverty and inequality in north west Europe.

“The UK government should be reversing the damage it has caused, not doubling down on cuts and pushing more people into poverty.

“These actions underline the need for Scotland to become an independent country – so we can escape Westminster control and get rid of the Tories for good.”

Categories: News