Finance minister George Osborne said on Tuesday that Britain would have to raise taxes and cut spending to deal with the economic challenge posed after Britons voted to leave the European Union.
“We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means,” he told BBC radio.
Asked if that meant tax rises and spending cuts, he said: “Yes, absolutely.”
via Reuters
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza