Ahead of budget update, UK's Sunak says must stay on top of debt

1 minute read

Britain's Chancellor of the Exchequer Rishi Sunak attends a virtual press conference inside 10 Downing Street in central London, Britain March 3, 2021. Tolga Akmen/Pool via REUTERS

Register now for FREE unlimited access to Reuters.com

LONDON, March 22 (Reuters) - British finance minister Rishi Sunak said on Tuesday it was more important than ever to take a responsible approach to the public finances, a day before his budget update to parliament.

"With inflation and interest rates still on the rise, it's crucial that we don't allow debt to spiral and burden future generations with further debt," Sunak said in response to public finances data that showed a bigger than expected budget deficit in February.

Sunak is due to deliver his "Spring Statement" on Wednesday shortly after 1230 GMT.

Register now for FREE unlimited access to Reuters.com
Reporting by Andy Bruce; Editing by Andrew Heavens

Our Standards: The Thomson Reuters Trust Principles.