UK chancellor Jeremy Hunt has delayed the date of his medium-term fiscal plan from 31 October to 17 November.
The news comes just over a week after Hunt said he was bringing forward the twice delayed plan to Halloween. But since then, now former prime minister Liz Truss has been ousted from office and Rishi Sunak has been elected in her place. Given the short space of time Sunak has been in office and the dramatic volatility the UK market has experienced since the previous Mini Budget, Hunt told reporters today (26 October) that it was "prudent" to delay the announcement. He said the government wanted more time to review the numbers and ensure that the economic data was based on "the most acc...
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