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Sunak says inflation, rates feed into budget thinking

Published 10/24/2021, 05:27 AM
Updated 10/24/2021, 05:30 AM
© Reuters. Britain's Chancellor of the Exchequer Rishi Sunak arrives at Broadcasting House to take part in an interview on BBC's 'The Andrew Marr Show', in London, Britain, October 24, 2021. REUTERS/Peter Nicholls

LONDON (Reuters) - 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.

"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.

© Reuters. Britain's Chancellor of the Exchequer Rishi Sunak arrives at Broadcasting House to take part in an interview on BBC's 'The Andrew Marr Show', in London, Britain, October 24, 2021. REUTERS/Peter Nicholls

"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."

Sunak, who is due to deliver his budget on Wednesday, added that people should have confidence in the Bank of England to manage inflation.

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