Sunak starts UK’s reckoning with ruinous legacy of Covid


On Wednesday, the finance minister (pic) will unveil departmental budgets for the next financial year on everything from education to defence, providing hints both on his approach to tough choices and his determination to reassert the fiscal restraint anchoring the soul of the Conservative Party ever since Margaret Thatcher in the 1980s.

LONDON: Rishi Sunak will this week begin grappling with Britain’s most challenging fiscal blowout since World War II, in what will ultimately become the defining test of his tenure as chancellor of the exchequer.

On Wednesday, the finance minister will unveil departmental budgets for the next financial year on everything from education to defence, providing hints both on his approach to tough choices and his determination to reassert the fiscal restraint anchoring the soul of the Conservative Party ever since Margaret Thatcher in the 1980s.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Rishi Sunak , Finance Minister , Covid-19 , economy ,

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read