Financial Times – Reeves stokes borrowing rules debate with signal on higher capital spending
THE FT SAYS UK chancellor Rachel Reeves has paved the way for higher government capital spending, fuelling the debate over the future of her borrowing rules, declaring: “Growth is the challenge and investment is the solution.”
Reeves told the Labour party conference on Monday that her Budget would herald “an end to the low investment that feeds decline”, with government insiders confirming she wanted to ensure her fiscal rules did not block vital capital spending.