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27 Oct 21
Chancellor Rishi Sunak unveiled a new set of fiscal rules in his second Budget, in a bid to reduce the public debt after the huge level of borrowing undertaken in response to Covid-19.
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23 Apr 21
The government’s “arbitrary” fiscal rules are not fit for purpose and should be replaced by a more flexible framework, according to a leading research institute.
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11 Mar 20
Rishi Sunak hinted at a coming change to the government’s fiscal rule, promising to report back to parliament in the autumn after consulting with experts on how extra spending could boost the economy.