The Chancellor Jeremy Hunt has announced that the Medium term fiscal plan scheduled for 31 October 2022 has been delayed until 17 November 2022 and upgraded to a full Autumn Statement.
The date for the proposed Medium term fiscal plan was set by the previous Chancellor, under the previous Prime Minister, and was to follow the publication of the Office for Budget Responsibility's (OBR) economic and fiscal forecast. The OBR forecast is also being delayed until November to tie in with the Autumn Statement timetable.
The announcement comes as the new Prime Minister Rishi Sunak takes his first full day in office after appointing his new cabinet.
The Chancellor said "it is extremely important the statement is based on the most accurate possible economic forecasts and forecasts of public finances" and that a two and a half week delay is the best way to ensure the right decisions are made.
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