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UK Economy Plan May Be Delayed Beyond Oct. 31, Cleverly Says

  • New premier Sunak may need more time, foreign secretary says
  • UK bond market stabilized after government promised budget
Bloomberg business news
UK Government Delays Fiscal Plan to November 17

UK Prime Minister Rishi Sunak may delay an economic plan scheduled for Oct. 31 to give him time to square it with his agenda, Foreign Secretary James Cleverly said.

Treasury officials under Chancellor of the Exchequer Jeremy Hunt have been working toward finishing the so-called medium-term fiscal plan on time despite the leadership contest that catapulted Sunak into office on Tuesday.