The Treasury’s medium-term fiscal plan is pushed back from Halloween to Nov. 17 and it’s upgraded to a full autumn statement, Downing Street said on Thursday, one day after Prime Minister Rishi Sunak took the job.
Chancellor of the Exchequer Jeremy Hunt said it’s “prudent” to delay the announcement to allow time for more accurate economic forecasts.
After the government’s first Cabinet meeting on Wednesday morning, a Downing Street readout said Sunak and Hunt had “agreed that the fiscal event would now take place on Nov. 17, and would be an Autumn Statement,”  which will “set out how we will put public finances on a sustainable footing and get debt falling in the medium term and will be accompanied by a full forecast from the Office for Budget Responsibility [OBR].”…