New UK leader Rishi Sunak delays major economic plan

London, 27/10: Prime Minister Rishi Sunak, who has taken on the unenviable task of restoring Britain’s credibility in international markets, said Wednesday that he would delay the announcement of a major economic plan by 2 1/2 weeks as he seeks more time to make the “right decisions.”

Jeremy Hunt, the chancellor of the Exchequer, will deliver the fiscal statement Nov. 17, instead of Monday. The statement is set to lay out spending and tax policies in line with lowering Britain’s debt burden. It will be accompanied by forecasts from the Office for Budget Responsibility, an independent government watchdog that will assess the impact of the government’s policies on the economy and public finances.

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