Next week’s planned fiscal statement could be delayed until next month.
The Halloween statement was promised by Kwasi Kwarteng after his mini-Budget caused market turmoil. It was subsequently confirmed by his successor Jeremy Hunt, who has been kept in place as chancellor by the new prime minister Rishi Sunak.
But Sunak, a former chancellor, is understood to want to get “under the bonnet” of the plans, with one option being to have a full Budget in late November instead.
The market’s response to Sunak becoming prime minister and promising a return to sound money has made the need for an immediate statement less pressing.
