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UK finance ministry says fiscal rules are non-negotiable, Sky News reports

By Thomson Reuters Jan 8, 2025 | 2:17 PM

LONDON (Reuters) – Britain’s finance ministry has said its commitment to the government’s fiscal rules is non-negotiable, Sky News reported on Wednesday citing a statement from a Treasury spokesperson issued on a day of market turmoil for sterling and British bonds.

“No one should be under any doubt that meeting the fiscal rules is non-negotiable and the government will have an iron grip on the public finances,” Sky News quoted the statement as saying.

The Treasury did not immediately respond to a request for comment.

(Reporting by William James; Editing by Chris Reese)