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The Guardian - UK
The Guardian - UK
National
Phillip Inman

Kwasi Kwarteng could borrow for the right reasons. These are the wrong ones

Kwasi Kwarteng coming out of 11 Downing Street holding his blue mini-budget document under his arm
Kwasi Kwarteng says he will need to borrow an extra £72bn before next April. Photograph: Tejas Sandhu/Sopa Images/Rex Shutterstock

The billions of pounds of extra borrowing signalled by Kwasi Kwarteng in his not-so-mini budget can be justified as long as the money isn’t flushed down the toilet.

Funds for renewable energy projects or to boost skills training would generate a return over the next decade.

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