• Thursday, March 28, 2024

HEADLINE STORY

Chancellor Javid reportedly scraps budget plan over Brexit delay

Sajid Javid (Photo by Jeff J Mitchell/Getty Images)

By: Sarwar Alam

Chancellor Sajid Javid has postponed his first budget statement which he had been due to give on November 6 because of delays to Brexit and the government’s attempts to call an early election, a Treasury source said on Thursday.

“Parliament has voted for a delay. We’re calling for an election, so we won’t be delivering the budget on November 6,” said the source, speaking on condition of anonymity.

Earlier this week, prime minister Boris Johnson’s spokesman said the budget date had been decided on the assumption that Britain was leaving the European Union with a deal on Oct. 31.

Johnson conceded on Thursday that he would not meet his “do or die” deadline to leave the EU next week.

Javid has previously said his budget plan would include higher public spending and a review of Britain’s budget rules.

Related Stories

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…