UK Chancellor Reeves to Revise Fiscal Rules, Unlocking £50bn for Investment

The change aims to boost infrastructure spending amid warnings from the IMF about rising national debt and low growth.

Chancellor Rachel Reeves plans to change the UK's fiscal rules, allowing the government to borrow more for long-term infrastructure projects.
The International Monetary Fund supports the move, highlighting the need for public investment to drive growth and manage rising national debt.
The UK's debt is projected to rise above 100% of GDP by 2029, with public investment seen as crucial to prevent unsustainable debt levels.
The revised fiscal approach will replace the public sector net debt measure with public sector net financial liabilities, providing more borrowing flexibility.
Reeves is expected to announce tax increases and spending cuts to address a £40bn funding gap in the upcoming budget.