Reports that the British government is considering abandoning its fiscal ‘golden rule’ of limiting borrowing to 40 per cent of gross domestic product were denied by the treasury last week.
However, its own over-optimistic forecasts may soon leave it with no other option.
Any such move will seriously damage what remains of the government’s reputation for prudent economic management.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team