New UK finance minister Sunak should resist rewriting fiscal rules: IFS
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LONDON (Reuters) - New finance minister Rishi Sunak should resist the urge to rewrite Britain's fiscal rules ahead of the budget next month and he should make plain that any spending increases will mean more tax, a think-tank said on Wednesday.Sunak will deliver the first post-Brexit budget, which is expected to entail a big increase in spending, on March 11.The Institute for Fiscal Studies (IFS) said the current path of borrowing raised the risk that the government would breach the fiscal rules..