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UK borrowing jumps to £18.3bn in August, squeezing Healey ahead of budget

Treasury defends fiscal rules as economists flag shrinking support scope

Chief Secretary to the Treasury Emma Reynolds said the government remained committed to its fiscal rules, while economists at the Item Club and WPI Strategy warned the figures limit scope for cost-of-living measures Prime Minister Andy Burnham had floated.

Treasury defends fiscal rules as economists flag shrinking support scope
Guardian

“Prime Minister Andy Burnham has previously hinted at measures to ease the cost of living, but the latest leg up in Government borrowing costs limits the scope for significant support.”

Matt Swannell, Item Club chief economic adviser

John HealeyJohn Healey Chancellor of the ExchequerEmma ReynoldsEmma Reynolds Chief Secretary to the TreasuryAndy BurnhamAndy Burnham Prime MinisterChris Beauchamp Chief market analyst, IGNick Ridpath IFS research economist

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yesterdaynow · 4:47 AM ET

What was reported 1 claim about this development

  1. first by WSJ, 2d ago · also Evening Standard, BBC

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