Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rules
Rachel Reeves is aiming to create more “headroom” against her fiscal rules in November’s tax-raising budget, to cushion the UK against volatile government bond markets.
The chancellor met her first rule – to balance taxes and day-to-day spending – with £10bn to spare in last autumn’s budget, and again at her March spring statement.
Continue reading…Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rulesRachel Reeves v the OBR: chancellor aims to loosen the watchdog’s gripRachel Reeves is aiming to create more “headroom” against her fiscal rules in November’s tax-raising budget, to cushion the UK against volatile government bond markets.The chancellor met her first rule – to balance taxes and day-to-day spending – with £10bn to spare in last autumn’s budget, and again at her March spring statement. Continue reading…
