Chancellor sets out plans to rewrite borrowing rules
Video Credit: ODN - Duration: 00:53s - Published
Chancellor sets out plans to rewrite borrowing rules
The chancellor has set out plans to rewrite the government's fiscal rules in next week's budget.
Rachel Reeves said there will be a change to the way debt is measured which will allow her to increase borrowing for public investment.
"We will pay for day-to-day spending through tax receipts - that is something the previous government didn't even try to do let alone meet," she said.
Report by Kennedyl.
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