Government's fiscal delay 'makes sense' but is not without consequences

‘Has not caused investors to panic’

The government’s decision to delay its medium-fiscal plan by two weeks has been well received by industry experts, with many stating “it is probably a good idea”.

Chancellor Jeremy Hunt's fiscal plan was expected to be revealed on Monday 31 October, having been brought forward three times, twice by the previous chancellor Kwasi Kwarteng and once by him. Today (26 October), the chancellor announced that the fiscal statement was now being delayed until 17 November, making this the fourth date change. It will now be a full-blown Autumn Budget, he announced, rather than just a medium-fiscal event. Hunt said that it was "prudent" to delay to announcements in order to ensure the most up to date data was being used to build the fiscal policies on, and...