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MNI BRIEF: UK Sunak: Borrow Now To Beat Covid, M-T Rebalance

The UK will look to rebalance the public finances in the medium-term, Chancellor of the Exchequer Rishi Sunak said Tuesday, adding that the government will continue to protect the jobs and the economy in the short-term.

Although not being drawn on whether tax rises could be expected ahead, Sunak told the BBC that the current scale of borrowing would be unsustainable for an extended period and the public finances would need to be returned to a position of strength.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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