The FT is reporting that Rachel Reeves seems to be hinting that she will (after all) follow her predecessors as Chancellor & reconfigure the fiscal rules (specifically their accounting for pubic debt);
as this will likely be the 9th revision of the fiscal rules since 2010, no-one should really be surprised that she is looking for a way to square the circle of fiscal probity *and* increased public spending;
Of course the Tories will criticise, but forget they changed them 8 times!
#economics
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-08-06 05:54:49
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-08-06 05:54:49Event JSON
{
"id": "41aeb5353e045e01baf586052c94c4f2463b843f3af563388d0cff78977269e9",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1722923689,
"kind": 1,
"tags": [
[
"t",
"economics"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/112913526919103212",
"activitypub"
]
],
"content": "The FT is reporting that Rachel Reeves seems to be hinting that she will (after all) follow her predecessors as Chancellor \u0026 reconfigure the fiscal rules (specifically their accounting for pubic debt);\n\nas this will likely be the 9th revision of the fiscal rules since 2010, no-one should really be surprised that she is looking for a way to square the circle of fiscal probity *and* increased public spending;\n\nOf course the Tories will criticise, but forget they changed them 8 times! \n\n#economics",
"sig": "7a06ce57c6fe06ed90b6a6a814bf51c31ac3247e4dbe799e862502f65e14adc77055270a6f8479a93647da27deace23986fbc16a0b1c8b32af4043db75a13f3a"
}