LONDON, July 19 — Britain’s government must focus on sound public finances and avoid further fuelling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech today.
“That means delivering sound public finances to avoid pushing up demand still further, providing help for households as they deal with the worst price rises in over a generation,” he says in his speech. Zahawi’s message on public finances contrasts with that from some of the contenders in the Conservative leadership contest to succeed Prime Minister Boris Johnson.
Source: News Formal (newsformal.com)
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