Chancellor sets out plans to rewrite borrowing rules

The chancellor has set out plans to rewrite the government's fiscal rules in next week's budget.

Rachel Reeves said there will be a change to the way debt is measured which will allow her to increase borrowing for public investment.

"We will pay for day-to-day spending through tax receipts - that is something the previous government didn't even try to do let alone meet," she said.

Report by Kennedyl.

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