The UK government will present the Budget on March 11 as previously announced, the new Indian-origin Chancellor of the Exchequer Rishi Sunak announced on Tuesday as he vowed to deliver the promises made by the Conservatives to the voters during the General Election.
There had been much speculation that the Budget could be delayed after the 39-year-old son-in-law of Infosys co-founder Narayana Murthy replaced Pakistani-origin Sajid Javid following his resignation last week.
Now it will go ahead as previously scheduled on March 11, he said.
Sunak tweeted that he was "cracking on" with preparations" and would deliver the promises made to voters ahead of December's General Election won by the Conservative Party led by Prime Minister Boris Johnson.
"Cracking on with preparations for my first Budget on March 11. It will deliver on the promises we made to the British people levelling up and unleashing the country's potential," he tweeted.
During the weekend, Transport Secretary Grant Shapps said Budget plans were "well advanced", but Sunak "may want time".
He told the BBC: "The guy's only been in place for a few days. Let's give him a few days to decide on the date."