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Britain cannot continue "enormous" borrowing in long term, Sunak says

Tue, 6th Oct 2020 07:39

LONDON, Oct 6 (Reuters) - Britain cannot continue to borrow
enormous amounts of money in the long term because it is
unsustainable for the economy, finance minister Rishi Sunak said
on Tuesday.

"This year we're obviously having to borrow an enormous
amount of money to provide support to the economy at a time of
crisis, that's the right thing to do," he told BBC TV.

"In terms of the medium term... obviously this can't carry
on forever. This level of borrowing, which will be record levels
pretty much this year, is not sustainable in the long run."
(Reporting by Guy Faulconbridge; writing by Kate Holton;
editing by Estelle Shirbon)

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