UK Stays Firm on Fiscal Rules Amidst Speculation

British Prime Minister Keir Starmer has confirmed that the government will not alter its fiscal rules ahead of finance minister Rachel Reeves' upcoming fiscal update. Despite speculation, Starmer stated on Monday that there would be no changes.

British Prime Minister Keir Starmer has clarified that the government will maintain its current fiscal rules, dismissing any anticipation of alterations. His statement comes prior to the anticipated fiscal update from finance minister Rachel Reeves.

Speaking on Monday, Starmer was definitive in his response, saying that there will be no changes to the existing fiscal framework. This clarification aims to quash any speculation about potential shifts in policy.

The Prime Minister's position sets the stage for Rachel Reeves' fiscal update, highlighting the government's commitment to its established economic strategy.

(With inputs from agencies.)