Chancellor tells Tory conference he won’t pursue ‘reckless borrowing’ despite backbench hopes for cash injections
Rishi Sunak has signalled that any further spending pledges will need to be funded by tax rises rather than borrowing, as he told the Conservative party that it should not trash its reputation for “fiscal responsibility”.
Despite hopes from many new Conservative backbenchers for cash injections in their more deprived constituencies, the chancellor laid down a marker and said it would be “un-Conservative” to pursue “reckless borrowing” and allow debt to soar.
