Chancellor announces postponement of Autumn Budget
September 24, 2020
Source: independent.co.uk
Chancellor Rishi Sunak has called off plans for a budget this year, as he revealed he will announce new financial measures on Thursday 24th September to respond to the Covid pandemic.
Mr Sunak had been expected to deliver his second budget of 2020 within the next few weeks, and was hoping to use it to set out plans for major investment in infrastructure to turbo-charge the UK’s recovery from lockdown and drive Boris Johnson’s “levelling up” agenda.
But his plans have been blown off course by the rapid upsurge of coronavirus cases which forced the prime minister to impose new restrictions on economic and social activities.