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Reeves ‘on verge of breaking her own fiscal rules’ as borrowing costs surge
Posted: Tue Jan 07, 2025 5:43 pm
by admin
| Reeves ‘on verge of breaking her own fiscal rules’ as borrowing costs surge | According to Capital Economics, the Chancellor has a cushion of just £1bn left before she faces a “nasty choice” between more tax rises, spending cuts, and breaking her main fiscal rule to balance the books by the end of this parliament.
In research published on Tuesday afternoon, it said that the jump in borrowing costs had wiped out £8.9bn of the Chancellor’s £9.9bn headroom to meet her fiscal rule of a balanced budget by 2029/30. |
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