Britain announces major change to fiscal rules to free up billions in spending
- U.K. Finance Minister Rachel Reeves announced plans to change fiscal rules in the October budget to free up billions for investment.
- The Institute for Fiscal Studies estimated that targeting public sector debt could provide £50 billion of additional headroom.
- Reeves highlighted the urgent need for investment in various sectors while noting rising borrowing costs are real-world effects of fiscal challenges.
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Total News Sources0
Leaning Left2Leaning Right3Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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