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Boris Johnson prepared to turn on spending.......>

UK
UK: Boris Johnson prepared to turn on spending taps to fund tax break for the
squeezed middle classes (Telegraph)
- Boris Johnson is prepared to turn on the spending taps by borrowing money to
help the squeezed middle classes if he is confirmed as the new Tory leader on
Tuesday.
- The former foreign secretary is in favour of a policy of "fiscal loosening"
that would reverse the tight controls on public spending imposed by Philip
Hammond.
- He is determined to honour promises to give tax breaks to everyone who earns
less than GBP80,000, and is ready to pause the current policy of bringing down
the deficit.
- Link: https://tinyurl.com/y4yunsle
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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