BoE boss says Rishi Sunak right to spend big on Covid November 26, 2020 Bank of England governor Andrew Bailey backed chancellor Rishi Sunak’s approach to the public finances, saying he is right to throw the might of the state behind the coronavirus suppression effort. “It is absolutely sensible that public resources, resources of the state, are being used to cushion the huge impact of this absolutely unprecedented shock,” [...]
Rishi Sunak admits current UK borrowing is “not sustainable” November 26, 2020 Rishi Sunak has conceded that the current projections for UK borrowing are “obviously not sustainable”, after the chancellor yesterday unveiled huge economic interventions as part of his winter Spending Review. Sunak yesterday lifted total government spending on the Covid response to £280bn, as he vouched his commitment to “jobs, businesses and public services”. The chancellor [...]