Britain’s government is planning a first post-Brexit budget for November 6, one week after it expects the country to have left the European Union, finance minister Sajid Javid announced Monday.
“This will be the first budget after leaving the EU,” Chancellor of the Exchequer Javid said in a statement.
“I will be setting out our plan to shape the economy for the future and triggering the start of our infrastructure revolution. This is the right and responsible thing to do -- we must get on with governing,” he added.
Britain and the EU are currently locked in last-ditch talks to secure a divorce deal ahead of a crunch two-day summit for European leaders in Brussels starting Thursday.
Prime Minister Boris Johnson insists that Britain will leave the bloc on October 31 as scheduled, even without an agreement. But British MPs last month passed a law requiring him to request a Brexit extension if no deal has been finalised by the end of the summit.