UK FM Rishi Sunak to delay post-coronavirus recovery package until autumn

UK Prime Minister Boris Johnson on May 27 promised a post-coronavirus recovery package

British finance minister Rishi Sunak has decided to delay a major stimulus package until the autumn to see how the economy fares in the coronavirus fallout, the Financial Times reported on Friday.

Sunak will still announce some limited measures next month, but this would not be a "Budget or mini-Budget", an ally of Sunak told the Financial Times.

"We will be taking stock of the economic situation, and looking at if and where further support makes sense ahead of the more significant moments in the autumn," the finance ministry said in response to the FT report.