How Rachel Reeves might unlock £57 billion at the budget with a ‘simple’ fiscal rule change

Rachel Reeves will deliver the new government’s first budget on 30 October - (EPA)

Rachel Reeves will reportedly unveil a major change to Labour’s fiscal rules at the budget on 30 October by borrowing billions for infrastructure investment.

Following weeks of speculation, the chancellor will reveal her plans to change Britain’s debt rules at the International Monetary Fund’s (IMF) annual meeting in Washington on 24 October.