Sunak Pushes Review of U.K. Fiscal Goals to Later This Year
- Postponement is to rules governing his tax, spending decisions
- Pandemic means fiscal rules dating back to 2016 still in place
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U.K. Chancellor of the Exchequer Rishi Sunak has punted a decision on what rules will govern his tax and spending decisions until the Fall.
Ahead of his Budget next week, what’s clear is that the coronavirus is wreaking havoc on the economy and the priority is to buttress jobs. Sunak promised a review of the fiscal framework in his first budget last March, saying he would consult “widely with a range of experts” before reporting back in the fall.