British Finance Minister Rishi Sunak it will deliver its budget statement to parliament on Wednesday.
Key statements summarized by Reuters
“This budget announces an additional £ 65 billion of COVID measures.”
“The total of covid measures for this year and next is £ 352 billion.”
“Total fiscal support for this year and next is £ 407 billion.”
“We are using all the fiscal power to protect jobs.”
“Without corrective action, the underlying debt would increase indefinitely.”
“Over the past few weeks, markets have shown a rapid rise in sovereign bond yields.”
“In normal times, the state should not borrow to finance day-to-day public spending.”
“Sensitive to take advantage of lower interest rates to finance long-term investments.”
Market reaction
The pair GBP/USD It largely ignored those comments and was last seen gaining 0.06% on the day at 1.3960.
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