Left Menu
Development News Edition

UK's Sunak: no return to austerity in new spending plan

Reuters | London | Updated: 22-11-2020 15:45 IST | Created: 22-11-2020 15:08 IST
UK's Sunak: no return to austerity in new spending plan
Representative image. Image Credit: Twitter(@RishiSunak)

British finance minister Rishi Sunak said there would be no return to austerity and instead he will announce "quite a significant" increase in funding for public services in a one-year spending plan on Wednesday.

"You will not see austerity next week," Sunak told Sky News television on Sunday. "What you will see is an increase in the government's spending on day-to-day public services, and quite a significant one, coming on the increase that we had last year."


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

U.S. lands lost in severe wildfires rising over decades

By Matthew Lavietes NEW YORK, Nov 30 Thomson Reuters Foundation - The yearly land area burned by severe wildfires in the western United States has grown eight times larger in less than four decades, researchers said on Monday, warning that ...

Brazil prosecutors sue Trafigura over irregular Petrobras contracts- statement

Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA Petrobras, according to a...

Philip Green's Arcadia UK fashion group falls into administration

British tycoon Philip Greens Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the countrys biggest corporate casualty of the COVID-19 pandemic so far. Deloitte said late on Monday it had...

Third Georgia congressman tests positive for COVID-19

US Representative Austin Scott of Georgia has tested positive for COVID-19, making him the third Georgia congressman to contract the virus. Scotts chief of staff Jason Lawrence confirmed the positive test result in a statement on Monday and...

Give Feedback