A second wave of the coronavirus pandemic could lead to the delay of chancellor Rishi Sunak’s autumn Budget, according to reports.
Sunak still intends to deliver the Budget on time, but the FT reported plans are being drawn up for that to be replaced by a mini spending review should Covid-19 spike in the autumn. Should that happen, Sunak is likely to shelve announcing big public spending decisions until after the crisis, replacing it instead with a smaller review that allocates spending to departments for a single year. The FT said Sunak's allies believe the chancellor is keen to set out a path to recovery for the economy in the Budget. However, one ally said: "While it's very likely to happen, there is an elem...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes