1 week ago
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The UK chancellor has told the BBC that the government will change its self-imposed debt rules in order to free up billions for infrastructure spending.
Rachel Reeves said that she would make a technical change to the way debt is measured which will allow it to fund extra investment.
She said this was being done so the government can grow the economy and bring jobs and growth to Britain.
However, Reeves’ first Budget next week is still expected to mean some cuts to public services and tax rises.
The wider debt measure is expected to allow for up to 50-billion pounds more borrowing to invest in big building projects such as roads, railways or hospitals, although not all of this is expected to be allocated at the Budget.
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