Some remarks by UK finance minister, Rishi Sunak
- The focus of all my attention is to support jobs
- If consumers lack confidence, that will have an impact on jobs
- But we need sustainable public finances
The handling of the virus crisis is all a political ruse and as much as the UK government does not want to incur more debt, they aren’t going to be raising taxes either at this time or risk a major fallout with the public and put their reputation at risk.
The next few months is going to be a crucial test for the UK economy, amid the ongoing Brexit drama and also as the government furlough program expires.
This article was originally published by Forexlive.com. Read the original article here.