7/16, 2:03 PM (Source: TeleTrader)
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Next UK budget could be delayed until 2022 - report

British Chancellor of the Exchequer Rishi Sunak is considering delaying the next United Kingdom budget announcement until the spring of 2022, The Guardian reported on Friday, citing unnamed government sources.

Sunak could decide to make the move to give the Treasury more time to assess the impact of the expiry of the government's coronavirus-related economic support that is due to take place in the fall.

According to the report, he also plans to conduct three-year spending projections for the budget periods covering 2022-23, 2023-24 and 2024-25.

Breaking the News / MS