Prime Minister Rishi Sunak defends Chancellor against criticism as government borrowing costs hit record highs and speculation mounts about further spending cuts.
The Chancellor 's position is secure, according to Prime Minister Rishi Sunak , despite mounting criticism regarding her performance and record-high government borrowing costs. During Prime Minister's Questions in the House of Commons, the opposition leader, Keir Starmer, launched a scathing attack on the Chancellor , highlighting the perceived lack of competence and the escalating concerns about potential spending cuts .
Starmer questioned the Chancellor's ability to adhere to her stated commitment of delivering only one budget per year, citing widespread speculation about a potential emergency budget necessitated by the failure to meet fiscal targets. He pointed to the markets' lack of confidence in the Chancellor, contrasting it with Sunak's expressed support. In her response, the Prime Minister dismissed Starmer's criticisms, emphasizing the Chancellor's unwavering commitment to a single budget and her adherence to strong fiscal rules, which he argued set her apart from previous chancellors appointed by the Conservative party. The Prime Minister's resolute defense of the Chancellor comes amidst a backdrop of economic uncertainty and growing public anxiety over the cost of living crisis. The rising borrowing costs have fueled speculation about further austerity measures, potentially impacting public services and social welfare programs. The Chancellor's ability to navigate these challenges and restore confidence in the UK economy will be crucial in determining her long-term prospects
UK Politics Chancellor Government Borrowing Spending Cuts Rishi Sunak
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