August 30, 2019 / 5:58 PM / 2 months ago

UK's Johnson says he will continue to bring down public debt

FILE PHOTO: Britain's Prime Minister Boris Johnson gestures during a news conference at the end of the G7 summit in Biarritz, France, August 26, 2019. REUTERS/Dylan Martinez/File Photo

LONDON (Reuters) - British Prime Minister Boris Johnson said he would continue to cut public debt as a share of economic output even as he promises higher spending on services such as education, health and the police.

“We will continue to keep debt coming down. That is my pledge,” Johnson said on Friday in an interview with Sky News television.

Johnson’s finance minister Sajid Javid said earlier this week that he would stick with the fiscal rules of his predecessor, Philip Hammond, one of which was to keep on bringing down public debt as a share of gross domestic product.

Johnson also said cutting regulation and taxes was “the only way to go” for the economy.

Writing by William Schomberg; editing by Stephen Addison

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