UK Debt Rule Change
This is a UK news story, published by Yahoo Finance (Canada), that relates primarily to IMF news.
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UK infrastructure projectsGuardian
•Reeves to announce major change to fiscal rules releasing £50bn for spending
82% Informative
Change to the debt rule will be welcomed by the IMF , which says spending on UK infrastructure projects should be ringfenced as the government seeks to repair the damage to the public finances caused by the pandemic and cost of living crisis.
The IMF has steadily shifted its stance in recent years to favour government borrowing for investment in the right circumstances.
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