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regular-article-logo Thursday, 05 December 2024

UK Treasury chief delays detailing new economic plans

The statement was originally set to be announced on October 31

PTI London Published 26.10.22, 04:02 PM
Jeremy Hunt

Jeremy Hunt File picture

UK Treasury Chief Jeremy Hunt has delayed a statement on the country's economic affairs until November 17, only a day after the new prime minister took office.

Hunt told the BBC says that a two and half week delay will ensure the right decisions are taken. The statement was originally set to be announced on October 31.

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The Treasury says in a tweet that new Prime Minister Rishi Sunak and Hunt have agreed that the statement will include a forecast from the independent Office of Budget Responsibility.

It will contain the UK's medium term fiscal plan to put public spending on a sustainable footing, get debt falling & restore stability," the Treasury said on Twitter.

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