Top-up scheme planned

Budget cancelled as Sunak to unveil new support

Rishi Sunak

The Chancellor will make a statement on Thursday

The Autumn Budget will not take place this year because of the chaos in the economy caused by the coronavirus pandemic.

The Treasury said this is not the right time to outline long-term plans as more immediate concerns need to be addressed.

“So we are confirming today that there will be no Budget this autumn,” said a spokesman.

There will however be a spending review to set out the overall shape of government spending.

Despite the cancellation, the Chancellor has said he will make an announcement on Thursday about new measures to support workers after the job retention scheme ends.

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