Report suggests Reeves could announce plans to change Britain’s debt rules

The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts to avoid a return to austerity (Stefan Rousseau/PA) - (PA Wire)

Rachel Reeves will announce a plan to change Britain’s debt rules that could open the door for the Government to spend billions more on infrastructure, it has been reported.

The Guardian said on Thursday that the Chancellor will confirm that next week’s Budget will include a new way to assess the UK’s debt while at International Monetary Fund meetings in Washington.