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No return to austerity in new spending plan, says UK's Rishi Sunak

Says constructive Brexit deal will 'hopefully' come

Rishi Sunak
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Though yields on the Uk government’s debt remain close to record lows, Sunak is expected to announce a freeze on public sector pay to offset some of his spending

Agencies London
British Finance Minister Rishi Sunak (pictured) said there would be no return to austerity in a spending plan that he will announce on Wednesday, even as the coronavirus crisis pushes the country’s debt further above £2 trillion ($2.7 trillion).

Sunak, who has rushed out massive government spending increases and tax cuts equating to about 10 per cent of economic output, said he would announce “quite a significant” increase in funding for public services.

"You will not see austerity next week," Sunak told Sky News on Sunday, saying his priority in the one-year spending plan was to fight the health and economic crises.

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