UK’s Sunak: no return to austerity in new spending plan

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UK’s Sunak: no return to austerity in new...
 © In-Cyprus 2020
British finance minister Rishi Sunak said there would be no return to austerity in a spending plan he will announce on Wednesday, even as the coronavirus crisis pushes the country’s debt further above 2 trillion pounds ($2.7 trillion).

Sunak, who has rushed out massive government spending increases and tax cuts equating to about 10% of economic output, said he would announce “quite a significant” increase in funding for public services.

“You will not see austerity next week,” Sunak told Sky News on Sunday, saying his priority in the one-year spending plan was to fight...


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UK’s Sunak: no return to austerity in new spending plan


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Article Tags: sunak, return, austerity, spending,