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Birmingham Post
Birmingham Post
Business
Gavin Cordon, PA Whitehall Editor & Hannah Finch

New PM will decide whether to go ahead with October 31 fiscal plan

The new Prime Minister will have to decide whether to go ahead with the planned Halloween statement setting out how the Government intends to get the public finances back on track, Downing Street has said.

Work is continuing in Whitehall, led by Chancellor Jeremy Hunt, in preparation for the medium-term fiscal plan to be announced on October 31 along with an updated set of economic forecasts from the Office for Budget Responsibility (OBR).

However, a No 10 spokeswoman said it would be up to Liz Truss’s successor to decide whether to proceed with that approach and with the same timetable.

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