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Reuters
Reuters
Business

UK delays highly-anticipated fiscal statement to Nov. 17

British Chancellor of the Exchequer Jeremy Hunt exits Number 10 Downing Street on the day of a cabinet meeting, in London, Britain, October 26, 2022. REUTERS/Hannah Mckay

The British government delayed the announcement of its plan to repair the country's public finances by more than two weeks to Nov. 17, saying on Wednesday it wanted to ensure the programme reflected the latest and most accurate economic forecasts.

"Our number one priority is economic stability and restoring confidence that the United Kingdom is a country that pays its way," said Jeremy Hunt, who was retained as finance minister by new Prime Minister Rishi Sunak on Tuesday.

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