This is a New Zealand news story, published by iNews (Indonesia), that relates primarily to Rachel Reeves news.
For more New Zealand news, you can click here:
more New Zealand newsFor more Rachel Reeves news, you can click here:
more Rachel Reeves newsFor more United kingdom business & economics news, you can click here:
more United kingdom business & economics newsFor more news from iNews (Indonesia), you can click here:
more news from iNews (Indonesia)Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about United kingdom business & economics, you might also like this article about
fiscal tightening. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest fiscal policy news, Fiscal Studies news, news about United kingdom business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
fiscal rulesiNews (Indonesia)
•72% Informative
Labour could borrow an extra 16bn to fund public services without raising taxes or spooking markets.
But senior economists back changes to 'fiscal rules' that would allow the party to borrow more money.
Shadow Chancellor Rachel Reeves has accused the Tories of a short-termist’ approach to investment.
Focusing on the public "net worth" rather than debt could allow for billions more to be borrowed to invest in infrastructure.
New Zealand has already adopted a 'net worth' target of around 40 per cent of GDP.
Labour could still be forced to cut investment to get debt falling and called for them to go further.
If Governments ignore fiscal rules, there is a risk of spooking markets, as Liz Truss did when she failed to commission independent forecasts from the OBR to accompany her mini-Budget. “What your fiscal rules are doing is saying to the market, this is my fiscal policy for the next few years , so you understand I have a strategy," said Mr Smith ..
VR Score
82
Informative language
84
Neutral language
66
Article tone
semi-formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links