British finance minister Rishi Sunak told ministers that they are borrowing on an extraordinary scale, British Prime Minister Boris Johnson’s spokesman told reporters on Wednesday, per Reuters.
“As a conservative government, we know that we cannot ignore this problem of borrowing,” Sunak added.
Market reaction
These comments don’t seem to be having a significant impact on market sentiment. As of writing, the UK’s FTSE 100 Index was up 0.92% on a daily basis at 6,674. Meanwhile, the GBP/USD pair is up 0.18% at 1.3978.
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