Rishi Sunak 'to slash Government borrowing to improve public finances'
Rishi Sunak 'will stop the Government borrowing money to pay for day-to-day spending within three years' as the Chancellor tightens the UK's belt after the coronavirus crisis caused the national debt to climb above £2trillion Rishi Sunak will reportedly unveil new set of 'fiscal rules' at Budget next month He will commit to no borrowing to pay for day-to-day spending in three years The Chancellor also wants national debt to be falling by middle of the decade
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Rishi Sunak is planning to stop the Government borrowing money to pay for day-to-day spending within the next three years as part of a plan to improve the UK's ailing public finances, it was claimed today.
The Chancellor will reportedly use the Autumn Budget next month to unveil a new set of 'fiscal rules' which will guide ministers in the years ahead.
As well as the proposal to get Government borrowing back under control following the huge spending seen during the coronavirus crisis, Mr Sunak also wants to see the national debt begin to fall by the middle of the decade.
