The Chancellor mentioned the political price of inflation by the Bank of England Money news – Uptrends

The Chancellor mentioned the political price of inflation by the Bank of England Money news

 – Uptrends

Rachel Reeves probably doesn’t need any reminders of the political and economic power of inflation. Her party’s landslide electoral victory in the summer was largely attributed to the presidential election Cost of living calamity. Donald Trump wins this week He highlighted this point, as his sweeping gains across all demographics are due to inflationary effects … Read more

Chancellor Rachel Reeves changes fiscal rules to borrow more to invest | Money news – Uptrends

Chancellor Rachel Reeves changes fiscal rules to borrow more to invest | Money news

 – Uptrends

Rachel Reeves will rewrite the Government’s fiscal rules in next week’s Budget to allow it to increase borrowing for public investment by around £50 billion. Speaking to Sky News in Washington, DC, the Chancellor said: Self-imposed rule Under which borrowing must decline by the fifth year of the economic outlook will be redefined from the … Read more