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Sunak targets infrastructure investment boom even as debt levels soar

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British finance minister Rishi Sunak will announce tens of billions of pounds of infrastructure investment next week, targeted at meeting the government's promise to address imbalances between different regions.

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain October 14, 2020. REUTERS/John Sibley

Sunak’s Nov. 25 spending review will set how much money government departments have to spend over the next year. The coronavirus pandemic has blown a 200 billion pound hole in Sunak’s financial plans, forced him to abandon his aim for a four-year spending plan in favour of a much shorter programme and left big questions about how it will all be paid for.

“We are absolutely committed to levelling-up opportunities so those living in all corners of the UK get their fair share of our future prosperity,” Sunak said in a statement.

 

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Reminds me of DEL BOY; 'Contract, contract, contract any one want a contract, two for one if you a Tory crony, roll up, only available in lockdown before I piss off with my hedge fund too'

Govt debt soars when govt refuse to tax wealth centers that are held by the privileged. Assuming an economy is essentially a closed system the whole of its wealth is always somewhere in our economy just not where its needed. Key is quickly moving it

G7 Group COUNTRIES Governments DEBT is 50 Trillion USD JAPAN Government DEBT is 250% of JAPAN GDP USA Government DEBT is 125% of USA GDP So UK Government Raises DEBT to Build UK ALL G7 Nations are Having BANKRUPT Governments and POSING as World LEADERS

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