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Sunak says inflation, rates feed into budget thinking

Published 24/10/2021, 10:27
Updated 24/10/2021, 10:30
© Reuters. Britain's Chancellor of the Exchequer Rishi Sunak arrives at Broadcasting House to take part in an interview on BBC's 'The Andrew Marr Show', in London, Britain, October 24, 2021. REUTERS/Peter Nicholls

LONDON (Reuters) - British finance minister Rishi Sunak said on Sunday that the outlook for interest rates and inflation will feed into his thinking ahead of next week's annual budget.

"Inflation, interest rates - those are two of the factors which I have to think about as I determine what's the appropriate fiscal policy, what's the right level of tax and borrowing and spending," Sunak said in an interview with Times Radio.

"Particularly because our public finances are sensitive to changes and things like inflation and interest rates, which have been very low for quite a while."

Sunak, who is due to deliver his budget on Wednesday, added that people should have confidence in the Bank of England to manage inflation.

Latest comments

I would hope they do, as well as a range of other economic factors
Well unfortunately we do not have confidence in the Bank of England to control inflation as real world inflation is out of control & even the governments preferred artificially low measures of inflation are soaring. We all know the Central Bank is funding the government at all costs.
yes I bought are car in March, 7 months later I could sell for 25% more. not going to though
agree the preferred measures of inflation has always been a con we are getting poorer by the day.
MD Abdullah
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