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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 launches his 'Kickstart' scheme, in London
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak launches his 'Kickstart' scheme, in London

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)