Chancellor Rachel Reeves to rewrite public finance rules to borrow more for investment

The chancellor is to rewrite the government's fiscal rules in the autumn budget to allow her to increase borrowing for public investment by around £50bn. Speaking to Sky's Paul Kelso in Washington DC, Rachel Reeves said the self-imposed rule under which borrowing must be falling by the fifth year of economic forecasts will be redefined from the current measure of public sector net debt. Ms Reeves would not be drawn on what measure will replace the current rule but there is speculation that she will favour using public sector debt net of financial liabilities. Read more: https://trib.al/YzOx50C #Budget2024 #Economy #Politics #UK SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ For analysis of world events, tap here for The World With Richard Engel and Yalda Hakim: https://podfollow.com/the-world-with-richard-and-yalda Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales