Economics
BOE Rings Alarm Bell for Sunak That Rock-Bottom Rates May Rise
- Chancellor has relied on monetary support for public finances
- Central bank’s pledge for ‘modest tightening’ may end that aid
Rishi Sunak is counting on a sustained economic rebound to help repair finances in coming years.
Photographer: Stefan Rousseau/WPA Pool/Getty Images
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Chancellor of the Exchequer Rishi Sunak’s quest to repair the U.K.’s pandemic-battered public finances just got an added impetus after the Bank of England began a countdown to the end of rock-bottom borrowing costs.