Economics
Sunak Sees ‘Hard Choices’ With Warning on U.K. Expenditure
- Chancellor of the Exchequer speaks at Conservative conference
- Sunak indicated that Manifesto promises will be hard to keep
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Chancellor of the Exchequer Rishi Sunak said “hard choices are everywhere” as he warned about the need to get U.K. spending and borrowing under control in the wake of the pandemic.
His comments may fuel speculation that Britain faces significant tax increases once the crisis has passed. The coronavirus has blown a hole in the public finances, with the government spending tens of billions to support jobs and prop up the economy.