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Evening Standard
Evening Standard
Politics
Nicholas Cecil

Budget 2024: Huge row erupts over Rachel Reeves 'raising mortgage rates' by borrowing billions

Rachel Reeves was hit with a huge row just days before the Budget over whether borrowing billions more would push up mortgage bills for longer for millions of households across Britain.

The Chancellor has unveiled new fiscal rules which are expected to be used to borrow tens of billion more for investment schemes in transport and other infrastructure projects in a bid to boost the UK’s sluggish economic growth.

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