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UK to cancel budget planned for later this year - Channel 5

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak smiles during a visit to the Emma Bridgewater pottery, amid the coronavirus disease (COVID-19) outbreak, in Stoke-on-Trent, Britain, September 14, 2020. Andrew Fox/Pool via REUTERS

LONDON (Reuters) - British finance minister Rishi Sunak will not hold a budget planned for later this year, the political editor of Channel 5 News said on Wednesday.

“Understand there will be no #budget this calendar year,” he said on Twitter.

A finance ministry spokesman had no immediate comment on the report.

Reporting by David Milliken; editing by Stephen Addison

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