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Rachel Reeves set to borrow billions for investment after announcing major change to fiscal rules
Rachel Reeves’ Budget is expected to be a mixed bag, with deep spending cuts and sharp tax rises offset by a debt-funded spending spree of tens of billions
Chancellor Rachel Reeves confirms government will change fiscal rules
Rachel Reeves: I’ll be setting out two fiscal rules at the budget next week. The first is the stability rule to pay for the spending through tax receipts. That was something that the previous government weren’t even trying to do, let alone able to meet. That’s really important because that’s about the sustainability of the public finances.
Rachel Reeves to rewrite debt rules in bid to free up £50bn in spending
Rachel Reeves will rewrite debt rules in a bid to free up £50bn in spending. Ms Reeves confirmed on Thursday that she will change the way debt is calculated to take into consideration investment spending. The Chancellor said her fiscal rules will ensure that debt falls "during the course of this parliament".
Rachel Reeves's Revolutionary Debt Rule Overhaul
British finance minister Rachel Reeves plans to change how public debt is measured in the upcoming budget to enable increased investment borrowing. While she promises debt reduction, Reeves declines to reveal the new measurement but emphasizes borrowing strictly for long-term investment rather than day-to-day spending.
Rachel Reeves confirms she is changing debt definition in fiscal rules - UK politics live
Chancellor confirms new debt definition, saying it will ‘make space for increased investment’ as Tories claim interest rates will stay ‘higher for longer’
UK's Reeves says she will change government debt rules to boost investment
WASHINGTON (Reuters) -British finance minister Rachel Reeves said on Thursday she would change the measure of public debt that the government targets in next week's budget in order to allow more borrowing for investment.
Reeves Says UK Fiscal Rule Change Will Increase Investment
UK Chancellor of the Exchequer Rachel Reeves confirmed that she would make tweaks to her fiscal rules to allow more borrowing for investment, as the new Labour administration seeks to boost economic growth.
Starmer calms business fears over budget as Reeves prepares to announce debt rule change - UK politics live
Officially Rachel Reeves, the chancellor, will unveil Labour’s first budget (and probably the most important of the whole parliament) on Wednesday next week. But in practice budget announcements are now two-week news events,
Report suggests Reeves could announce plans to change Britain’s debt rules
The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts in order to avoid a return to austerity.
6h
on MSN
Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions
Homeowners will face higher mortgage bills for longer if Rachel Reeves goes on a borrowing spree of tens of billions of ...
GB News on MSN
1h
Rachel Reeves accused of declaring 'CLASS WAR' - Labour blasted by ex-Chancellor for planning ideological attack
Labour is engaging in a "class war" by insisting that it wants to help 'working people' when it means the 'working classes', ...
1h
Rachel Reeves to slash Britain's dependency on China by turning to Commonwealth allies
China is the world's leading producer and processor of critical minerals, which are key inputs for electric vehicles, ...
8h
on MSN
Rachel Reeves: Britain cannot afford to pay Commonwealth reparations demands
Rachel Reeves has warned Britain cannot afford to pay up to £18 trillion in slavery reparations as she prepares to launch a ...
Left Foot Forward
9h
Why Rachel Reeves finds herself in a difficult place with China on trade
Rachel Reeves will certainly be between a rock and hard place. Doing a future deal for no or lower tariffs on Chinese made ...
8h
on MSN
Rachel Reeves accused of risking mortgage misery with £50 billion borrowing blitz
Rachel Reeves was accused of risking mortgage misery for millions after rewriting debt rules so she can borrow up to £50 ...
13h
Chancellor Rachel Reeves hints at ‘challenging’ Budget in new video
Chancellor Rachel Reeves has hinted at a “challenging” Budget as she prepares to borrow tens of billions of pounds to invest ...
2h
on MSN
Sir Keir Starmer has given us an idea of who he wants to protect in the budget - but is Rachel Reeves on the same page?
As we get to the nuts and bolts of who is going to shoulder the burden of plugging gaps in the public finances, the ...
58m
on MSN
Budget 2024 latest: Reeves admits ‘taxes will need to rise’ in stark warning to public
Reeves admits ‘taxes will need to rise’ in stark warning to public - Chancellor has reiterated that “tough decisions” have ...
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