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“We are only partway through this crisis,” British Finance Minister Rishi Sunak said on Monday and added that the government had never been blind to the difficult trade-offs and decisions coronavirus has forced upon them, per Reuters.

Additional takeaways

“I am committing myself to a single priority – to create, support and extend opportunity to as many people as I can.”

“We will protect the public finances, over the medium term getting our borrowing and debt back under control.”

“We have a sacred responsibility to future generations to leave the public finances strong.”

“This conservative government will always balance the books.”

Market reaction

The GBP/USD pair showed no immediate reaction to these comments and was last seen gaining 0.15% on the day at 1.2950.