UK’s Hunt: We will put public finances on sustainable path

British finance minister Jeremy Hunt reiterated on Friday, “we will put public finances on a sustainable path as we grow the economy.”

Additional quotes

"Strong public finances are the foundation of a strong economy. To stabilize markets.”

“We will do whatever is necessary to get drive down debt in the medium term and to ensure that taxpayers’ money is well spent."

Market reaction

The pound finds little respite from Hunt’s comments, as GBP/USD drops 0.38% on the day at 1.1188, as of writing.