British finance minister Rishi Sunak has decided to delay a major stimulus package until the autumn to see how the economy fares in the coronavirus fallout, the Financial Times reported on Friday.
Sunak will still announce some limited measures next month, but this would not be a “Budget or mini-Budget”, an ally of Sunak told the FT.
Prime Minister Boris Johnson on May 27 promised that a post-coronavirus recovery package would be put before parliament. Sunak has also talked about the need to focus resources on national recovery. Ministers have been asked to submit suggestions and Johnson’s plans may include reforms to revive infrastructure development that has been halted by the COVID-19 lockdown, the Daily Mail reported, without giving financial details.
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