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CHINA SETS YUAN CENTRAL PARITY AT 7.1270 THURS VS 7.1248

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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For. Sec Speaks On Ukraine At Top Of Hour; Chancellor Answers Committee Qs

UK

UK Foreign Secretary Liz Truss is set to deliver a statement to the House of Commons at the top of the hour regarding the situation in Ukraine.

  • Livestream: https://www.parliamentlive.tv/Event/Index/02d5b8c0...
  • At present Defence Secretary and other MoD ministers taking Defence Questions in the Commons.
  • Chancellor of the Exchequer Rishi Sunak is answering questions from the Treasury Select Committee presently (livestream: https://www.parliamentlive.tv/Event/Index/e74e3256...).
  • Sunak: "The tax burden is already relatively high and the only way to pour more into the headroom is to spend less or tax more...The reason the tax burden is rising, very simply, is because public spending is also rising as a % of GDP....So yes tax to GDP is forecast to be at very high levels, so is public spending forecast to be very high as a % of GDP by historic standards"..
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