public investment

Reeves to amend fiscal rules, boost public investment borrowing by £50bn

Rachel Reeves plans to amend the government’s fiscal rules in the upcoming budget to enable an increase in public investment borrowing by about £50bn. Speaking from Washington DC, the chancellor mentioned that the current self-imposed rule, which requires borrowing to decrease by the fifth year of economic forecasts, will be redefined from the existing measure of public sector net debt.…