UK finance minister Hunt to give autumn fiscal update on Nov. 22

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British Chancellor of the Exchequer Jeremy Hunt appears on BBC Sunday

British Chancellor of the Exchequer Jeremy Hunt appears on BBC Sunday presented by Laura Kuenssberg, in London, Britain September 3, 2023. Jeff Overs/BBC/Handout via REUTERS/File Photo Acquire Licensing Rights

LONDON, Sept 5 (Reuters) – British finance minister Jeremy Hunt said on Tuesday that he would deliver his next budget update speech to parliament on Nov. 22.

Hunt and Prime Minister Rishi Sunak have so far resisted calls from members of their Conservative Party to cut taxes ahead of a national election expected in 2024.

“I can also tell the House I will deliver the autumn statement on the 22nd of November,” Hunt told parliament during a regular question and answer session.

The autumn statement serves as a mid-year update to the last annual budget, given on March 15.

Alongside the statement, there will be new growth and inflation forecasts from Britain’s Office for Budget Responsibility and revisions to the current financial year’s government bond issuance plans from the finance ministry’s Debt Management Office.

Reporting by David Milliken and Alistair Smout
Writing by William Schomberg and Sachin Ravikumar; editing by William James

Our Standards: The Thomson Reuters Trust Principles.

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