Johnson Treasury Coup Could Move U.K. Budget Goalposts Again

(Bloomberg) — Boris Johnson’s regime change at the Treasury could herald yet more tweaks to the rules that keep Britain’s budgets in check.The shock resignation of Sajid Javid as chancellor of the exchequer last week robbed the new Conservative government of a fiscal hawk who moderated the big spending ambitions of the most powerful prime minister since Tony Blair.His successor, Rishi Sunak, must now work out with Johnson whether to stick to the budget limits set by Javid or, as many now expect, open the spending taps to charge up the economy as Britain embarks on life outside the European …read more

Source:: Yahoo Finance

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