Sunak reaffirms goal of ‘sustainable’ borrowing

Britain's Chancellor of the Exchequer Rishi Sunak speaks at the House of Commons in London, Britain

British finance minister Rishi Sunak again defended record public spending during the coronavirus pandemic after official figures on Friday showed public borrowing reached 270.6 billion pounds ($378 billion) in the 10 months to January.

“This is the fiscally responsible thing to do and the best way to support sustainable public finances in the medium-term,” he said of more than 280 billion pounds of extra spending and tax reductions since March.

“Once our economy begins to recover, we should look to return the public finances to a more sustainable footing,” he added, sticking closely to previous language on the topic ahead of his annual budget on March 3.

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