The FT is reporting that Rachel Reeves seems to be hinting that she will (after all) follow her predecessors as Chancellor & reconfigure the fiscal rules (specifically their accounting for pubic debt);
as this will likely be the 9th revision of the fiscal rules since 2010, no-one should really be surprised that she is looking for a way to square the circle of fiscal probity *and* increased public spending;
Of course the Tories will criticise, but forget they changed them 8 times!
#economics
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-08-06 07:54:49
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2024-08-06 07:54:49Event JSON
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