![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/jeremy-hunt-delays-fiscal-statement-until-nov-17/&media=https://uknews.evprotec.com/wp-content/uploads/2022/10/maxresdefault-8.jpg&description=Jeremy Hunt has delayed the announcement of his economic plans to get the public finances back on track. The mid-term fiscal plan, originally due to be published on Halloween, will now be unveiled on November 17 - and will be upgraded to a full Autumn Statement. The Chancellor said he was willing to make "politically embarrassing" choices and insisted a "short two-and-a-half week delay" to his statement is the best course of action. The delay will give the new prime minister Rishi Sunak more time to finesse the plans drawn up by Mr Hunt's Treasury. The plans are expected to involve tens of billions of pounds worth of public spending cuts to help reassure the markets about the stability of the British economy. 'I'm willing to take decisions very quickly' Mr Hunt said: "I've demonstrated in the short time that I've been Chancellor that I'm willing to take decisions very quickly and I'm willing to make choices that are politically embarrassing if they're the right thing to do for the country, if they're in the national interest. "Now we have a new Prime Minister and the prospect of much longer-term stability for the economy and the country. "In that context a short two-and-a-half week delay is the best way we will make sure that it is the right decisions we take." The economic plan will now be published alongside a new set of economic forecasts from the Office for Budget Responsibility. Mr Hunt informed ministers of the decision at the first meeting of Rishi Sunak's new cabinet in Downing Street this morning. Prudent He told reporters: "I want to confirm that it will demonstrate debt falling over the medium term which is really important for people to understand. "But it's also extremely important that that statement is based on the most accurate possible economic forecasts and forecasts of public finances. "And for that reason the Prime Minister and I have decided it is prudent to make that statement on November 17 when it will be upgraded to a full autumn statement.){kind=link}
Mid-term fiscal plan pushed back from Halloween and upgraded to full Autumn Statement
Jeremy Hunt has delayed the announcement of his economic plans to get the public finances back on track.
The mid-term fiscal plan, originally due to be published on Halloween, will now be unveiled on November 17 – and will be upgraded to a full Autumn Statement.
The Chancellor said he was willing to make “politically embarrassing” choices and insisted a “short two-and-a-half week delay” to his statement is the best course of action.
The delay will give the new prime minister Rishi Sunak more time to finesse the plans drawn up by Mr Hunt’s Treasury.