Sunak to set out new fiscal rules to control UK borrowing -FT



© Reuters. Britain’s Chancellor of the Exchequer Rishi Sunak arrives at The Sun’s Who Cares Wins Awards in London, Britain September 14, 2021. REUTERS/May James

(Reuters) – British finance minister Rishi Sunak is planning to set out new rules that will commit him to stop borrowing to fund day-to-day spending within three years, the Financial Times reported on Thursday, citing people briefed on his thinking.

Sunak’s fiscal rules will also require underlying debt to start falling by 2024-25, with it currently standing at about 100% of gross domestic product, the report said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

See also  Cyber Monday sale

LEAVE A REPLY

Please enter your comment!
Please enter your name here