Rishi Sunak could DELAY Halloween budget so he can ‘get under the bonnet’ of the nation’s finances

Rishi Sunak is said to be considering postponing a key financial announcement due on Halloween to give him more time to ‘get under the bonnet’ of the nation’s finances.

The new Prime Minister will convene his Cabinet this morning ahead of his first face-off with Labour’s Keir Starmer at Prime Minister’s Questions. 

But it comes amid reports that the highly anticipated spending announcement earmarked for Monday could be pushed back again.

The statement was originally set for November 23 by former chancellor Kwasi Kwarteng, but he was forced to bring it forward amid economic turmoil created by last month’s mini-Budget.

Mr Sunak will meet Kwarteng’s successor Jeremy Hunt today and could push it back by either days or weeks to give them more time to assess the situation they have inherited. 

The markets have been calmed by the replacement of Mr Kwarteng and Liz Truss in the top jobs, potentially giving the new team more time to play with. 

Foreign Secretary James Cleverly hinted this morning that a delay could occur. He told BBC Breakfast: ‘Obviously the date of that fiscal statement was originally set with no expectation of a change of prime minister. We’ve now had a change of prime minister.

‘Thankfully that’s happened very quickly, because nobody wants uncertainty.

The new Prime Minister will convene his Cabinet this morning ahead of his first face-off with Labour’s Keir Starmer at Prime Minister’s Questions.

Mr Sunak will meet Kwarteng’s successor Jeremy Hunt today and could push it back by either days or weeks to give them more time to assess the situation they have inherited.

‘But the Prime Minister was appointed less than 24 hours ago. He is in the process of forming a Government. He will want some time with his Chancellor to make sure that the fiscal statement matches his priorities.

‘Now, I don’t know whether that means that date is going to slip but, as you suggested, the current date is only a couple of days away.

‘The Prime Minister and the Chancellor know they need to work quickly on this but they also want to get it right, so we’ll see what happens to that date.’

When it was put to him that a delay would bring more uncertainty, Mr Cleverly said that ‘a short delay, in order to make sure that we get this right, I think that is not necessarily a bad thing at all’.

Last night the new PM plunged the knife in on Liz Truss with a pledge to ‘fix’ her ‘mistakes’ and win back the public’s ‘trust’.

The incoming premier addressed the nation from Downing Street after being asked to form a government by King Charles in the traditional ‘kissing hands’ ceremony at Buckingham Palace.

In a sombre speech, he warned of ‘difficult’ decisions to deal with the ‘profound economic crisis’ facing the country, saying he ‘understood’ that Britons were suffering. Rebutting jibes that he is too wealthy to identify with the struggles of ordinary people, he said: ‘I fully understand how hard things are.’

In a swipe at Boris Johnson, who dramatically pulled out of the Tory leadership battle on Sunday night, Mr Sunak said the ‘mandate’ from the 2019 election did not belong to any individual. He also stressed his government will have ‘integrity, professionalism and accountability at every level’.

Mr Sunak then embarked on a Cabinet reshuffle, with Jacob Rees-Mogg and Brandon Lewis early casualties.

A slew of further Truss appointments followed them out the door, including some who had backed him for the leadership. They included work and pensions secretary Chloe Smith, education secretary Kit Malthouse and environment secretary Ranil Jayawardena. Meanwhile Tory Party chairman Jake Berry, a close ally of Boris Johnson, also quit. 

The PM will face his first Commons appearance as Prime Minister at lunchtime, as he begins the gruelling task of uniting his party and restoring the UK’s economic credibility.

The new Prime Minister will square off against Sir Keir Starmer later, fresh from appointing a new Cabinet that he hopes will bring a measure of political stability to the country.

It comes after another momentous day in British politics that saw Mr Sunak cull nearly a dozen of Ms Truss’s top-tier ministers, such as Jacob Rees-Mogg, while reviving the careers of a host of big names, including Suella Braverman, Dominic Raab and Michael Gove.

Foreign Secretary James Cleverly hinted this morning that a delay could occur. He told BBC Breakfast: ‘Obviously the date of that fiscal statement was originally set with no expectation of a change of prime minister. We’ve now had a change of prime minister.’

Prime Minister’s Questions on Wednesday will be the first test of how unified the party is behind its new leader, after Mr Sunak used his first public address on Tuesday to brace the country for ‘difficult decisions’ as he criticised much of the legacy left behind by Liz Truss’s brief tenure.

‘Some mistakes were made. Not born of ill will or bad intentions – quite the opposite in fact. But mistakes nonetheless,’ he said.

‘I’ve been elected as leader of my party and your Prime Minister in part to fix them – and that work begins immediately.’

Volodymyr Zelensky and Joe Biden were among the first world leaders Mr Sunak spoke to on Tuesday evening, as he told the Ukrainian president that the UK’s support for the war-torn country would be as ‘strong as ever under his premiership’.

He also made time to speak with Scottish First Minister Nicola Sturgeon and Welsh First Minister Mark Drakeford, in a stark contrast with Ms Truss.

It is expected that the first meeting of Mr Sunak’s new-look Cabinet could come as soon as Wednesday morning, in what would amount to a gathering of Sunak allies, former Truss backers and figures too from the right-wing of the party.

A No 10 source said that the new Cabinet ‘brings the talents of the party together’ and that it reflects a ‘unified party’.

Mr Raab, who was among several Sunak loyalists rewarded with key roles, was appointed Deputy Prime Minister and won a return to Justice Secretary.

Elsewhere, Mark Harper was handed the role of Transport Secretary, while former Education Secretary Sir Gavin Williamson returned to Government as minister without portfolio in the Cabinet Office.

Opponents and rivals took some spots too, with Penny Mordaunt kept in place as Commons leader while Truss ally Therese Coffey became Environment Secretary.

There was also a return to his old role of Levelling Up Secretary for Michael Gove, while Defence Secretary Ben Wallace and Foreign Secretary James Cleverly both kept their jobs.

The most controversial appointment however came in the return of Suella Braverman to Home Secretary, only days after she dramatically quit the Government after being accused of breaching the ministerial code.

Mr Sunak, who earlier promised that his new Government would be one of ‘integrity’, immediately faced questions about the decision to re-hire Ms Braverman as Labour accused the new PM of ‘putting party before country’.

Rishi Sunak puts his hope in a team of loyal backers (and a few surprises)… so who’s who in the new Prime Minister’s Cabinet?

DOMINIC RAAB 

Justice Secretary and Deputy Prime Minister

Mr Raab’s stint on the backbenches following Liz Truss’s reshuffle was a brief one, having been rewarded for his loyalty to Rishi Sunak with a return to Government.

Conservative MP Dominic Raab arrives for a meeting with newly appointed Prime Minister Rishi Sunak at 10 Downing Street yesterday

Newly appointed Prime Minister Rishi Sunak waves to members of the media before entering 10 Downing Street after delivering his first speech

The karate blackbelt and former Foreign Office lawyer will be given an opportunity to pick up where he left off under Boris Johnson, as Deputy Prime Minister and Justice Secretary.

JEREMY HUNT 

Chancellor of the Exchequer

A vastly experienced minister across the many departments, Mr Hunt replaced Kwasi Kwarteng as Chancellor this month.

He put in a measured performance from the Commons despatch box as he tore up Miss Truss’s tax-cutting plans, calming the markets.

Chancellor of the Exchequer Jeremy Hunt stands outside 10 Downing Street yesterday as he is reappointed to the role

Mr Hunt, the longest-serving health secretary in British political history, keeps his job and remains in No 11 Downing Street.

SUELLA BRAVERMAN 

Home Secretary

Mrs Braverman is a leading figure on the Right of the party, and came out in support of Rishi Sunak during the latest leadership contest.

She returns as Home Secretary, a week after she was forced out of Government for breaking the ministerial code after emailing a sensitive document from a personal account.

Glad to be back: Suella Braverman strides out of No10 yesterday

Often outspoken, she recently blamed eco-protests across the country on ‘the Guardian-reading, tofu-eating wokerati’.

JAMES CLEVERLY

Foreign Secretary

Mr Cleverly retains his job as Foreign Secretary – one of the Great Offices of State – despite being an old ally of Boris Johnson. In fact, Mr Cleverly publicly endorsed Mr Johnson for PM in the latest leadership race and had previously been a staunch backer of Liz Truss.

BEN WALLACE 

Defence Secretary

Retaining former soldier Mr Wallace as Defence Secretary is likely to be an attempt to soothe the military community amid growing unease over defence spending. The Sandhurst graduate has been in post for more than three years, making him one of the longest-serving ministers to hold the same position.

STEVE BARCLAY

Health Secretary

Mr Barclay returns to his job in Government having previously been sacked as Health Secretary as part of Liz Truss’s reshuffle. He previously held the role for two months and was memorably interrupted by a heckler while giving an interview outside a hospital. Mr Barclay worked with Rishi Sunak at the Treasury during the pandemic. He will be expected to get a grip on NHS spending.

NADHIM ZAHAWI

Minister Without Portfolio

Mr Zahawi earned a reputation during the pandemic as a safe pair of hands and skilled media performer. But the former vaccine minister’s magic touch well and truly deserted him during the two recent Tory leadership races after a series of loyalty flip-flops.

OLIVER DOWDEN

Chancellor of the Duchy of Lancaster

Mr Dowden now holds the most senior Cabinet position after the PM. The ex-Culture Secretary has been rewarded for his unwavering support during the leadership races. He quit as party chairman after taking responsibility for the Tories’ disastrous by-election defeats in two seats in the summer.

GRANT SHAPPS

Business Secretary

Grant Shapps who has been appointed Business Secretary after briefly being appointed as Home Secretary by ex-PM Liz Truss, leaves Downing Street

Mr Shapps is another to have served across multiple government departments, most recently as Home Secretary less than a week ago following the departure of Suella Braverman. He was a prominent figure during the pandemic as transport secretary.

GILLIAN KEEGAN

Education Secretary

Passed the test: Gillian Keegan is the new Education Secretary

Mrs Keegan is the fifth person this year to hold the position of Education Secretary. She spent a year as health minister before moving to the Foreign Office as part of Liz Truss’s doomed premiership.

She was forced to apologise earlier this year for an ‘error of judgment’ after continuing a meeting with grieving fathers despite testing positive for Covid part- way through.

PENNY MORDAUNT

Commons Leader

Penny Mordaunt has been appointed Britain’s Lord President of the Council and Leader of the House of Commons

In a major humiliation, there was no big promotion for Miss Mordaunt, the former magician’s assistant who holds on to her position as Leader of the House of Commons.

She stood against Mr Sunak for the leadership this weekend, but pulled out at the last moment when it became clear she did not have the backing of enough MPs.

She appears to have paid the price for her failure to strike a deal with her rival.

MEL STRIDE

Work and Pensions Secretary

Mr Stride is well known to Rishi Sunak, having managed his campaign to replace Boris Johnson as prime minister. He publicly criticised Liz Truss’s ill-fated mini-Budget, saying it had put the Conservative Party’s reputation for managing the economy in jeopardy. The chairman of the Treasury Select Committee is a former president of the Oxford Union.

THERESE COFFEY 

Environment Secretary

A big demotion on the face of it for ex-health secretary Miss Coffey, though the fact she remains in Government despite her support of Liz Truss suggests the PM was keen to appease his predecessor’s followers. The self-confessed karaoke fan admitted she was ‘not the role model’ when it came to her own health after being questioned about her lifestyle. She left Downing Street yesterday by announcing she was ‘going home to Defra’ – a department which she served in for three years from 2016.

SIMON HART

Chief Whip

The former Welsh Secretary is not exactly a household name. But he takes on one of the most significant roles in Government, responsible for ensuring discipline within the Conservative Parliamentary Party.

SIR GAVIN WILLIAMSON 

Minister Without Portfolio

The former education secretary and master of the parliamentary arts and will attend Cabinet, a clear reward for his staunch backing of Mr Sunak’s campaign.

Other appointments yesterday: Michelle Donelan, Culture Secretary, Kemi Badenoch, International Trade Secretary, Mark Harper, Transport Secretary, Chris Heaton-Harris, Northern Ireland Secretary, Alister Jack, Secretary of State for Scotland, David TC Davies, Secretary of State for Wales, Lord True, Lord Privy Seal and Leader of the House of Lords, Victoria Prentis, Attorney General, Jeremy Quin, Paymaster General and Minister for the Cabinet Office, John Glen, Chief Secretary to the Treasury, Johnny Mercer, Minister for Veterans’ Affairs, Tom Tugendhat, Security Minister, Robert Jenrick, Immigration Minister, Andrew Mitchell, Minister for Development