Menu

Search

  |   Politics

Menu

  |   Politics

Search

UK: Fiscal event will still be planned this month, says PM

12019 / Pixabay

The British government is still set on making a fiscal event this month despite the postponement of parliamentary business due to the passing of Queen Elizabeth II. However, no date has been set on when the event will take place.

The spokesperson for British prime minister Liz Truss said Monday that the government is still planning on holding a fiscal event this month. The fiscal event was to serve as an explanation for an upcoming package of support for energy bills and how it would be funded.

However, the spokesperson said no date has been set at this time and that this would not be done when parliament is in recess.

“What we’ve said is that we are still planning to deliver a fiscal event this month. We wouldn’t do that in recess. But beyond that, we haven’t set out a date,” said the spokesperson.

The spokesperson also said that recess dates would need to be discussed with the speaker, but there are no current plans to change the dates.

This comes as parliamentary business was postponed for the time being after the death of the country’s monarch until September 21. However, the British parliament is set to go on recess on September 22.

King Charles III, who was officially proclaimed as the king after the death of the monarch, also addressed lawmakers and peers on the same day. The new monarch thanked the legislature for their messages of condolence to the royal family.

“We gather today in remembrance of the remarkable span of the Queen’s dedicated service to her nations and peoples. While very young, her late Majesty pledged herself to serve her country and her people and to maintain the precious principles of constitutional government which lie at the heart of our nation. This vow she kept with unsurpassed devotion,” said the new king.

The Times reported Tuesday that Truss is expected to keep Simon Case as cabinet secretary following the backlash over the dismissal of another senior official. Case was expected to be dismissed and replaced with James Bowler, the secretary of the Department for International Trade.

Truss is reportedly expected to keep Case for the long term after Case played a key part in drafting her £150 billion energy package.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.