Hunt's medium-term fiscal plan delayed by two weeks

He said the government wanted more time to review the numbers

Eve Maddock-Jones
clock • 1 min read

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

High interest rates cause clients to refrain from investing

High interest rates cause clients to refrain from investing

Advisers want information on what the new govt means for markets

Isabel Baxter
clock 19 July 2024 • 1 min read
Industry positive British economy will improve by this time next year

Industry positive British economy will improve by this time next year

‘We finally have the much-needed certainty to move forwards’

Isabel Baxter
clock 16 July 2024 • 2 min read
UK election high on clients' radars as impact on finances is flagged

UK election high on clients' radars as impact on finances is flagged

Majority of advisers have been asked by clients about the financial impact

Isabel Baxter
clock 13 June 2024 • 1 min read