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2024-08-06 05:54:49

Emeritus Prof Christopher May on Nostr: The FT is reporting that Rachel Reeves seems to be hinting that she will (after all) ...

The FT is reporting that Rachel Reeves seems to be hinting that she will (after all) follow her predecessors as Chancellor & reconfigure the fiscal rules (specifically their accounting for pubic debt);

as this will likely be the 9th revision of the fiscal rules since 2010, no-one should really be surprised that she is looking for a way to square the circle of fiscal probity *and* increased public spending;

Of course the Tories will criticise, but forget they changed them 8 times!

#economics
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