How Rachel Reeves should have changed the fiscal rules
Begg, I.
(11 November 2024)
How Rachel Reeves should have changed the fiscal rules.
British Politics and Policy at LSE.
(11 November 2024)
How Rachel Reeves should have changed the fiscal rules.
British Politics and Policy at LSE.
In her first Budget, Rachel Reeves changed the fiscal rules and redefined what counts as public debt. Iain Begg argues that these changes might not be as effective as the Chancellor hopes at helping her to control the public finances effectively. Instead, Reeves should have taken a leaf out of the EU’s book and moved away from debt and balance rules in favour of an expenditure rule.