Sunak says inflation, rates feed into budget thinking

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By Reuters
UK's Sunak says cutting taxes is now his mission
UK's Sunak says cutting taxes is now his mission   -   Copyright  Thomson Reuters 2021   -  

<div> <p><span class="caps">LONDON</span> – 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.</p> <p>“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.</p> <p>“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.”</p> <p>Sunak, who is due to deliver his budget on Wednesday, added that people should have confidence in the Bank of England to manage inflation.</p> <p/> </div>