British finance minister rules out return to austerity | Arab News PK

Arabnewsksa23 Nov, 2020News

LONDON: British Finance Minister Rishi Sunak said there would be no return to austerity in a spending plan he will announce on Wednesday, even as the coronavirus crisis pushes the country�s debt further above �2 trillion ($2.7 trillion). Sunak, who has rushed out massive government spending increases and tax cuts equating to about 10 percent of economic output, said he would announce �quite a significant� increase in funding for public services.