Finance
Sunak to Set Out New Fiscal Rules to Control UK Borrowing -Ft
Published by maria gbaf
Posted on September 17, 2021
1 min readLast updated: February 9, 2026
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Published by maria gbaf
Posted on September 17, 2021
1 min readLast updated: February 9, 2026
Add as preferred source on Google(Reuters) – British finance minister Rishi Sunak is planning to set out new rules that will commit him to stop borrowing to fund day-to-day spending within three years, the Financial Times reported on Thursday, citing people briefed on his thinking.
Sunak’s fiscal rules will also require underlying debt to start falling by 2024-25, with it currently standing at about 100% of gross domestic product, the report said.
(Reporting by Vishal Vivek in Bengaluru, Editing by Rosalba O’Brien)
Rishi Sunak is planning to set out new rules that will commit him to stop borrowing to fund day-to-day spending within three years.
The fiscal rules will require underlying debt to start falling by 2024-25, with it currently standing at about 100% of gross domestic product.
The underlying debt currently stands at about 100% of the gross domestic product.
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