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The current incumbent at the Treasury also spoke to his predecessor Kwasi Kwarteng, whose mini-budget sparked the financial turmoil that forced Liz Truss from office.
Sajid Javid and Lord Hammond are also expected to be consulted as the Chancellor looks to draw upon years of experience to help make his decisions.
Earlier this week Mr Hunt warned “it is going to be tough” in months ahead.
After being asked to continue serving as Chancellor by Rishi Sunak he said in a statement: “Protecting the vulnerable – and people’s jobs, mortgages and bills – will be at the front of our minds as we work to restore stability, confidence and long-term growth.”
The Budget had been set to be delivered on Monday but was delayed from Halloween to November 17 earlier this week in order to allow more time to pour over the data.
Mr Hunt said on Wednesday: “I want to confirm that it will demonstrate debt falling over the medium term which is really important for people to understand.
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