Government borrowing, Economics, Economic growth (GDP), Budget deficit, Autumn budget 2024, Economic policy, Rachel Reeves, Labour, Tax and spending, Budget, Public finance, Bonds, Infrastructure, Investing, New Zealand, Politics, Business, UK news Business | The Guardian
Nation follows net worth rules which count liabilities such as debt but also assets, including land, roads, hospitals and schoolsRachel Reeves will this week change the way the UK government’s debt rules are calculated to unlock billions of pounds in additional headroom for spending on long-term infrastructure projects.In what could be the most radical step in Labour’s first budget since 2010, the chancellor confirmed the decision while at the International Monetary Fund’s annual meeting in Washington DC last week, aiming to soothe any jitters in the bond markets by announcing it in front of the global economic establishment. Continue reading…
Nation follows net worth rules which count liabilities such as debt but also assets, including land, roads, hospitals and schools
Rachel Reeves will this week change the way the UK government’s debt rules are calculated to unlock billions of pounds in additional headroom for spending on long-term infrastructure projects.
In what could be the most radical step in Labour’s first budget since 2010, the chancellor confirmed the decision while at the International Monetary Fund’s annual meeting in Washington DC last week, aiming to soothe any jitters in the bond markets by announcing it in front of the global economic establishment.
