Reported 2 months ago
UK Chancellor Rachel Reeves is considering changing her debt target to manage a £16.4 billion public finance shortfall, which may allow for increased borrowing. Despite previous commitments to adhere to fiscal rules, economists suggest that shifting debt measurement could provide her with significant spending flexibility. This potential change comes as Reeves anticipates rising taxes in her upcoming budget, following claims of unfunded commitments from the prior government.
Source: YAHOO