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UK Prime Minister Says Government Will Be 'Grounded In Fiscal Responsibility'

Provided by Dow Jones Sep 2, 2026, 4:47:00 PM

By Paul Hannon

The U.K. government is taking action to cut its debts and will continue to stick to its self-imposed budget rules, Prime Minister Andy Burnham told lawmakers Wednesday.

Yields on U.K. government bonds have risen sharply over recent days, part of a worldwide selloff that in part reflects worries about inflation as the conflict in the Middle East continues to block the Strait of Hormuz to energy shipments.

"We are taking the action needed to get debt down," Burnham said. "This will be a government that is grounded in fiscal responsibility."

Write to Paul Hannon at paul.hannon@wsj.com

(END) Dow Jones Newswires

September 02, 2026 07:47 ET (11:47 GMT)

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