UK Treasury chief delays detailing new economic plans

UK Treasury Chief Jeremy Hunt has delayed a statement on the country’s economic affairs until Nov. 17, only a day after the new prime minister took office

UK Treasury Chief Jeremy Hunt has delayed a statement on the country’s economic affairs until Nov. 17, only a day after the new prime minister took office.

Hunt told the BBC says that a two and half week delay will ensure the right decisions are taken. The statement was originally set to be announced on Oct. 31.

The Treasury says in a tweet that new Prime Minister Rishi Sunak and Hunt have agreed that the statement will include a forecast from the independent Office of Budget Responsibility.

“It will contain the UK’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling & restore stability," the Treasury said on Twitter.