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WorldHunt aiming to boost confidence with plan to tackle debt

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Hunt aiming to boost confidence with plan to tackle debt

Paul Johnson, director of the Institute for Fiscal Studies, told the BBC that the Chancellor will want to provide reassurance after the turmoil that followed the mini budget in October.

Interest rates rose on government debt and there was concern in foreign markets, he said.

Johnson added: “What the Chancellor is really going to be aiming to do is to provide reassurance there and the way he’s going to try and provide reassurance is to say, ‘look, I’ve got this target, which is to make sure that debt isn’t ever rising and this is my plan for getting to that target’.”

Source: BBC

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