The Autumn Budget has been cancelled because of the coronavirus pandemic.

The Treasury said that “now is not the right time to outline long-term plans”, according to the BBC.

The Treasury was contacted for comment.

Chancellor Rishi Sunak is set to give a statement to MPs on Thursday with speculation mounting that he will announce a replacement for the furlough scheme which finishes at the end of October.

READ ‘Unquestionably difficult months to come,’ Boris Johnson tells UK

Prime minister Boris Johnson made a statement on Wednesday urging people to work from home where they could and introducing a 10pm curfew for pubs and restaurants.

Johnson said Covid-19 restrictions could be in place for a further six months and warned that tougher measures could be introduced if the growth in coronavirus case numbers continued.

The increased restrictions led to complaints from business groups who said without further government support many businesses would fail and many jobs would be lost over the next six months.

Confederation of British Industry director Carolyn Fairbairn said: “We do need that successor scheme. Otherwise we are going to see jobs needlessly lost over the next few weeks.”

To contact the author of this story with feedback or news, email James Booth

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