The Government has announced that the autumn statement scheduled for next Monday has been delayed for two weeks
The government’s medium-term fiscal plan will be moved to November 17 and upgraded to a full autumn statement, saying that Jeremy Hunt and the new PM Rishi Sunak agreed it was “prudent” to delay
Hunt says he has discussed his plans with the Governor of the Bank of England, who “understands the reasons” for doing so adding that it’s “extremely important” the economic plan “is based on the most accurate possible economic forecasts and forecasts of public finances”.
The pound has held onto its gains after it emerged that the government’s economic statement has been delayed
Sterling is currently trading at $1.156, up almost 0.8% on the day. Earlier on Wednesday morning, the pound soared as high as $1.16 before pulling back slightly.
