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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Change of prime minister is likely to delay UK’s fiscal plan

The new chancellor, Jeremy Hunt, is said to still be ploughing ahead with preparations for the 31 October
The new chancellor, Jeremy Hunt, is said to still be ploughing ahead with preparations for 31 October. Photograph: Jessica Taylor/UK Parliament/AFP/Getty Images

Expectations are mounting for a delay in the UK government’s debt-cutting plan, pencilled in for Halloween, despite concerns in financial markets over the strength of the economy and public finances.

Big decisions will need to be made over the coming days to ensure the snappily named “medium-term fiscal plan” – a budget in all but name – can stand the test of time and credibility.

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