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The Independent UK
The Independent UK
Business
Archie Mitchell,Millie Cooke and Kate Devlin

Rachel Reeves set to borrow billions for investment after announcing major change to fiscal rules

Rachel Reeves Jeremy Hunt Sir Keir Starmer Budget Interest Rates Insurance United Kingdom

Rachel Reeves has announced a change to the fiscal rules ahead of next week’s budget, allowing her to borrow billions more each year.

The chancellor today confirmed her rules will “make space for increased investment in the fabric of our economy”, amid widespread expectation she will change the way debt is measured.

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