UK’s Sunak: Inflation, not tax cuts, are priority

UK’s Sunak: Inflation, not tax cuts, are priority

British former finance minister and Conservative Party’s leadership candidate Rishi Sunak said on Thursday, “I think our no.1 economic priority is to tackle inflation.”

Additional quotes

I will get taxes down but I will do responsibly.

We will do tax cuts in a measured way.

Yes, I will keep Rwanda deportation plan.

We are going to make sure that the Rwanda plan works.

Market reaction

GBP/USD was last seen trading down 0.35% on the day at 1.1845, undermined by a broad strong US dollar on aggressive Fed tightening expectations.

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