Banking
Sunak says inflation, rates feed into budget thinking
Published by maria gbaf
Posted on October 25, 2021
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
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Published by maria gbaf
Posted on October 25, 2021
1 min readLast updated: January 29, 2026
Rishi Sunak considers inflation and interest rates in shaping the UK budget, emphasizing the Bank of England's role in managing inflation.
LONDON (Reuters) – British finance minister Rishi Sunak said on Sunday that the outlook for interest rates and inflation will feed into his thinking ahead of next week’s annual budget.
“Inflation, interest rates – those are two of the factors which I have to think about as I determine what’s the appropriate fiscal policy, what’s the right level of tax and borrowing and spending,” Sunak said in an interview with Times Radio.
“Particularly because our public finances are sensitive to changes and things like inflation and interest rates, which have been very low for quite a while.”
Sunak, who is due to deliver his budget on Wednesday, added that people should have confidence in the Bank of England to manage inflation.
(Reporting by Andy Bruce; Editing by Hugh Lawson)
The main topic is Rishi Sunak's consideration of inflation and interest rates in the upcoming UK budget planning.
Inflation impacts fiscal policy decisions, influencing tax, borrowing, and spending levels.
The Bank of England is responsible for managing inflation in the UK.
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