Jeremy Hunt to deliver financial statement today as he brings forward medium-term fiscal plan measures

The Chancellor is set to address the House of Commons this afternoon

Published

Jeremy Hunt is set to make a financial statement today, bringing forward measures from the medium-term fiscal plan that will support fiscal sustainability, the Treasury has said.

The plan was revealed following a tricky period for Number 10 which saw Mr Hunt take on the duties of Chancellor from Kwasi Kwarteng.

Jeremy Hunt's Parliament address is expected later today.
Jeremy Hunt's Parliament address is expected later today.

The statement is expected later today with an address to the House of Commons scheduled for this afternoon.

Jeremy Hunt has not ruled out further cancellations of Liz Truss' tax cuts as he prepares for a make-or-break financial statement on Halloween, where he will deliver the full medium-term fiscal plan.

In a statement, the Treasury said the Chancellor was fast-tracking the plans – which will be released in full on October 31 – following conversations with the Prime Minister over the weekend.

It said Mr Hunt had also met with the Governor of the Bank of England and the Head of the Debt Management Office on Sunday night to brief them on the plans.