Market news
13.05.2022, 06:32

UK’s Rees-Mogg Right response to inflation is tight monetary and constrained fiscal policies

Britain's Minister for Brexit opportunities, Jacob Rees-Mogg, said Friday, the right response to inflation is tight monetary policy and constrained fiscal policy.

When asked if cuts to civil jobs were a return to austerity, he said, “I don't think it is, because what is being done is getting back to the efficiency levels we had in 2016. That's a perfectly reasonable and sensible ambition."

"The administration, the negotiations, most of the work in relation to Brexit has been completed,” Rees-Mogg added.

Market reaction

The pound remains unfazed by the above comments, as GBP/USD was last seen trading at 1.2211, up 0.12% on the day.

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location