UK’s New Government Delays Debt-Cutting Plan to Nov. 17

Chancellor of the Exchequer Jeremy Hunt, leaves Downing Street following the first Cabinet meeting with Prime Minister Rishi Sunak, in London, on Oct. 26, 2022. Victoria Jones/PA

The Treasury’s medium-term fiscal plan is pushed back from Halloween to Nov. 17 and it’s upgraded to a full autumn statement, Downing Street said on Thursday, one day after Prime Minister Rishi Sunak took the job.

Chancellor of the Exchequer Jeremy Hunt said it’s “prudent” to delay the announcement to allow time for more accurate economic forecasts.