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Reuters
Reuters
Business

UK PM Sunak tells ministers: fiscal statement delay needed to get decisions right

​​Rishi Sunak Jeremy Hunt
British Prime Minister Rishi Sunak, alongside Chancellor of the Exchequer Jeremy Hunt holds his first Cabinet meeting in Downing street, London, Britain October 26, 2022. Stefan Rousseau/Pool via REUTERS

New British Prime Minister Rishi Sunak told his cabinet of ministers on Wednesday the government will delay a fiscal event until Nov. 17 because it is important to get difficult decisions right and consult on them.

Sunak told the cabinet that the government would prioritise economic stability and fiscal sustainability, agreeing with finance minister Jeremy Hunt to push back the fiscal statement, which had been due on Oct. 31.

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