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The Treasury has scrapped plans for a fall budget this year due to the coronavirus pandemic.
“As we heard this week, now is not the right time to outline long-term plans, people want to see us focused on the here and now,” the Treasury said.
“So today we are confirming that there will be no budget this fall.”
However, there will be a spending review to establish the general form of public spending, reported BBC political editor Laura Kuenssberg.
Normally, the government describes the state of the country’s finances in the budget and, more importantly, proposes fiscal changes.
But any such decision will be put on hold until next year. Instead, the government will reveal how much each department can spend.
A Treasury source told the BBC: “Nobody wanted to be in this situation, but we have to respond.”
“The chancellor has shown that he has been creative in the past and we hope that people will trust us to continue in that line.”
The source said that “giving peace of mind to people and companies the help they need” was “the most important thing” in the chancellor’s mind.
Another source said that “jobs, jobs, jobs” have always been the Chancellor’s priority.
