Rachel Reevesâs fiscal rules buffer should be âsignificantly largerâ, say peers
Lord committee says chancellor and recent predecessors have allowed themselves too little room for manoeuvreBusiness live â latest updatesRachel Reeves should aim to run a âsignificantly largerâ buffer against her fiscal rules, according to a report from a House of Lords committee that says the UKâs public debt is on an unsustainable trajectory.The chancellor raised taxes at last yearâs budget in order to more than double the âheadroomâ, or buffer, against her fiscal rules to ÂŁ22bn â some of which is expected to be eroded by the impact of the Iran war. Continue reading...
theguardian.com