Jobs, not tax rises, the priority for now, UK’s Sunak says

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Jobs, not tax rises, the priority for now, UK’s...
 © CyprusMail 2021
Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, finance minister Rishi Sunak said on Tuesday.

Prime Minister Boris Johnson is grappling with one of the worst economic hits to Britain in three centuries and Sunak has repeatedly warned that relying on such vast borrowing from the bond markets could trigger a financing crunch in the long term.

But with companies from airlines to pubs shedding hundreds of thousands of jobs and government spending soaring,...


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Jobs, not tax rises, the priority for now, UK’s Sunak says


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