‘Fiscal sustainability’ plus rising borrowing costs could add up to cuts - short news
To make the sums work, some suggest Kwasi Kwarteng may include deep spending reductions in his medium-term fiscal plan
When Kwasi Kwarteng met City figures on Tuesday, the Treasury said he had “reiterated the government’s commitment to fiscal sustainability”: though the grim faces of attendees in the official photos suggested they may not have been terribly reassured.
Some analysts are now warning that with borrowing costs rising sharply, and the chancellor determined not..
source: The Guardian - 27.09.2022