UK cancels budget and plans to set out jobs aid amid second wave instead

Chancellor of the Exchequer Rishi Sunak. Picture: PA

UK Chancellor of the Exchequer Rishi Sunak cancelled his planned autumn budget and prepared to set out a fresh round of job-support measures as the coronavirus pandemic worsens.

Mr Sunak will announce his blueprint to protect jobs from the economic fallout from Covid-19 in a statement to the UK Parliament on Thursday, days after Prime Minister Boris Johnson imposed new restrictions on the UK to bring the resurgent virus outbreak under control.