In recent years, the budget has been postponed until March due to unprecedented events.
Rumors are circulating that Prime Minister Rishi Snack will delay the budget until 2022.
The speculation came after Sunak asked Congress to prepare economic forecasts at the end of October.
– Advertising –
It is customary for OBR releases to receive reviews of budgets and spending, but Sunak also did not announce it.
In early July, it was reported that Rishi Sunak is considering delaying the budget until spring due to a clear picture of the UK’s economic outlook.
This is especially true at this point. This is because the Furlough scheme is set to end, whereas inflation and tax breakdowns are on the horizon. In other words, there is a great day when economic changes are taking place.
From 2017 onwards, an annual budget will be made in October or November to allow time for tax changes to be implemented before the new tax year in April begins.
More recently, unprecedented events, including elections and the coronavirus pandemic, have led to the budget being postponed until March.
