In the media | 02 Apr 2024

The Times: Rachel Reeves gets it right in part — but the debt rule must go

Andrew Goodwin, Chief UK Economist at Oxford Economist reviews Rachel Reeves’ suggestions that she understood some of the flaws in the fiscal set-up, particularly the need for higher capital spending. Her vow to remove investment from the deficit rule is a positive step. Yet the debt rule will be a more binding constraint over the next decade.

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