August 23, 2019 / 11:21 PM / 25 days ago

Sajid Javid prepares ground for no-deal emergency budget: The Times

FILE PHOTO: Newly appointed Britain's Chancellor of the Exchequer Sajid Javid is seen outside Downing Street in London, Britain July 25, 2019. REUTERS/Henry Nicholls

(Reuters) - British finance minister Sajid Javid is preparing ground for a no-deal emergency budget in the fortnight before Britain leaves the European Union, The Times reported.

Javid, who took office last month, will ask the Office for Budget Responsibility (OBR) to begin work on forecasts for a no-deal Brexit within days, the newspaper reported.

Javid will postpone the final decision on whether to push ahead with the budget until after the European Council meets on Oct. 17, the report added.

Reporting by Mekhla Raina in Bengaluru

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