Osborne Follows Carney in Signaling Stimulus After Brexit
- Chancellor says government must be ‘realistic’ on budget goal
- Gove, May signal they wouldn’t aim for surplus by 2020
Chancellor of the Exchequer George Osborne holds the dispatch box as he exits 11 Downing Street in London, on July 8, 2015.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The leaders of the U.K. economy united to signal they will soon deliver stimulus to protect it from the fallout of last week’s shock decision to quit the European Union.
Chancellor of the Exchequer George Osborne on Friday suggested he is no longer seeking a budget surplus by 2020, a day after Governor Mark Carney indicated the Bank of England may soon cut interest rates.