Autumn Budget cancelled amid Covid-19 crisis - reports

Winter Economic Plan to go ahead

Hannah Godfrey
clock • 1 min read

The November Budget will not go ahead due to the ongoing coronavirus crisis, according to reports.

On Wednesday afternoon (23 September) news began circulating that the upcoming November Budget would be cancelled amid the coronavirus crisis. Sky News political editor Beth Rigby tweeted "there will be no Budget this year" and suggested the fluidity of the Covid-19 situation made it too difficult for the government to build workable fiscal framework. NEW: There will be no Budget this year (h/t @andybell5news). It was in the balance last week but govt now decided that Covid situation too fluid. Hard to build fiscal framework on shifting sands — Beth Rigby (@BethRigby) September 23...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

How can we help get younger generations engaged with financial advice?

How can we help get younger generations engaged with financial advice?

'Don't lecture or school younger clients. Advisers should be able to listen and guide'

Richard Watkins
clock 19 December 2024 • 3 min read
Compliance costs forcing advisers to seek clients with more in the bank

Compliance costs forcing advisers to seek clients with more in the bank

Average minimum portfolio size now at £117,000

Isabel Baxter
clock 19 December 2024 • 3 min read
Three advisory firms join Quilter's advice network

Three advisory firms join Quilter's advice network

Efinity Wealth, Harris & Co Wealth Management, and Secure Financial Planning

Sahar Nazir
clock 18 December 2024 • 1 min read