Home Business News Rishi Sunak: People ‘will not see austerity’ in spending review

Rishi Sunak: People ‘will not see austerity’ in spending review

by LLB Editor
23rd Nov 20 11:08 am

UK chancellor Rishi Sunak has said people “will not see austerity”, ahead of this week’s Spending Review.

“We are still in the position of being able to borrow incredibly cheaply and really wanting to protect the economy,” he said.

Although tax rises might end up being “quite significant” they might not come until after the next election, Mr Johnson added.

“It’s not something that is super-urgent as we come out of this crisis,” he said.

Speaking on Sky’s Sophy Ridge On Sunday, the chancellor said: “You will not see austerity next week, what you will see is an increase in government spending, on day-to-day public services, quite a significant one coming on the increase we had last year.”

Sunak added: “When we think about public pay settlements, I think it would be entirely reasonable to think of those in the context of the wider economic climate.”

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