The Government's financial plan to fill a black hole of up to £40 billion has been pushed back until next month as Rishi Sunak prepares to face MPs for the first time as Prime Minister. The Chancellor, Jeremy Hunt, had been due to announce the plan on Monday, October 31, after warning that difficult decisions lie ahead.
But following Mr Sunak becoming Prime Minister on Tuesday (October 25), Downing Street has now announced that this financial plan will be delivered on November 17. Number 10 also said it had been upgraded to a full autumn statement - second only to the full Budget in terms of its importance.
Despite sacking several of Liz Truss' cabinet, Rishi Sunak chose to keep Jeremy Hunt as the Chancellor as he pledged that economic stability and confidence would be at the heart of his Government. The Mirror reports that Mr Hunt was due to meet cabinet ministers one by one to draw up cuts to public services last week.
