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UK Treasury chief delays detailing new economic plans
By AP News - Oct 26, 2022, 06:23 AM ET
Last Updated - Jun 24, 2023, 01:30 AM EDT
UK Treasury Chief Jeremy Hunt has delayed a statement on the country’s economic affairs until Nov. 17, only a day after the new prime minister took office
LONDON (AP) — UK Treasury Chief Jeremy Hunt has delayed a statement on the country’s economic affairs until Nov. 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 Oct. 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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