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UK's Sunak says inflation, rates feed into budget thinking

Sun, 24th Oct 2021 10:16

LONDON, Oct 24 (Reuters) - British finance minister Rishi
Sunak said on Sunday that the outlook for interest rates and
inflation will feed into his thinking ahead of next week's
annual budget.

"Inflation, interest rates - those are two of the factors
which I have to think about as I determine what's the
appropriate fiscal policy, what's the right level of tax and
borrowing and spending," Sunak said in an interview with Times
Radio.

"Particularly because our public finances are sensitive to
changes and things like inflation and interest rates, which have
been very low for quite a while."

Sunak, who is due to deliver his budget on Wednesday, added
that people should have confidence in the Bank of England to
manage inflation.
(Reporting by Andy Bruce; Editing by Hugh Lawson)

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