Britain has postponed the announcement of a plan to restore the nation’s public funds to Nov. 17 for it to mirror the “most accurate possible economic forecasts,” finance minister Jeremy Hunt mentioned on Wednesday.
“Our number one priority is economic stability and restoring confidence that the United Kingdom is a country that pays its way, and for that reason, the medium term fiscal plan is extremely important,” he mentioned of the fiscal assertion, beforehand scheduled for Oct. 31.
“It’s also extremely important that statement is based on the most accurate possible economic forecasts and forecasts of public finances.”
Hunt, who was re-appointed as finance minister by new prime minister Rishi Sunak on Tuesday, mentioned the fiscal plan would now be a “full autumn statement” that may present debt falling over the medium time period.
“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,” he mentioned.
“We have a new prime minister, 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.”
