Rachel Reeves is considering rewriting Britain’s debt rules in a move that could free up to £50bn of spending in her maiden Budget.
The Chancellor is understood to be considering changing how debt is calculated to take into account investment spending, as she gave the clearest signal yet that she wanted to relax the rules.
Are you going to take your football home if we all don’t agree?
There is hoing to comme a time when only haed specie will be accepted as currency.
Running an economy solely on the basis of non existent funny money is really not a good idea.
Gordon tried it and it did not end well.
Here’s something radical : how about spending less ?
Has that ever been tried ?
Ignore the words “wanted to” and “considering”. How else can she fund those inflation busting pay rises for train drivers and doctors with nurses teachers etc sure to follow. The extra £3bn from cancelling winter fuel payments isn’t going to go far is it?
And conveniently she has a lovely shiny report from O’Neill, Mazzucato et al to ‘prove’ that this is all hunky dory.
You couldn’t have timed it better if it had all been planned and campaigning talk of fiscal responsibility was an utter lie….
It’s always possible she was just reading words off the autocue and didn’t realise what they meant…
Rachel Reeves is considering rewriting the rules of physics so that she can jump off tall buildings and fly. She wanted to reassure potential voters that these rules would apply only to left wing politicians who identified as heterosexual and would in no way interfere with their religious practices of curing homosexuals and lesbians…
Debt=assets-liabilities. That’s such fundamental maths it’s not even maths, it’s sums. Is she planning on rewriting Euclid?
jgh
Euclid = Dead white male
Will she run this past the international markets first?
IIRC Truss didn’t bother when she had a wizard wheeze
At least that is the “black hole” filled.
Now no need to persecute pensioners – not that there was in the first place, but the pretend reason is removed.