Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

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

Published 16/09/2021, 21:25
Updated 16/09/2021, 21:30
© 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. 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. 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.