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UK's Sunak reaffirms goal of 'sustainable' borrowing

EconomyFeb 19, 2021 03:05AM ET
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© Reuters. FILE PHOTO: Britain's Chancellor of the Exchequer Sunak outside Downing Street, in London

LONDON (Reuters) - British finance minister Rishi Sunak again defended record public spending during the coronavirus pandemic after official figures on Friday showed public borrowing reached 270.6 billion pounds ($378 billion) in the 10 months to January.

"This is the fiscally responsible thing to do and the best way to support sustainable public finances in the medium-term," he said of more than 280 billion pounds of extra spending and tax reductions since March.

"Once our economy begins to recover, we should look to return the public finances to a more sustainable footing," he added, sticking closely to previous language on the topic ahead of his annual budget on March 3.

($1 = 0.7152 pounds)

UK's Sunak reaffirms goal of 'sustainable' borrowing
 

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