- UK Finance Minister Javid: We will announce new plans to level up the entire UK in new year in terms of infrastructure
Market news
7 November 2019
UK Finance Minister Javid: We will announce new plans to level up the entire UK in new year in terms of infrastructure
- Sound framework for public finances continues to be essential
- Responsible time to invest, time to do that is now
- Announcing new fiscal rules to take advantage of opportunities to invest
- First rule will be to have balanced current budget
- Second fiscal rule will ensure we can invest more but live within our means
- Third fiscal rule means that is debt servicing costs rise too much we would re-consider plans
- Lonng term projects like road and rail will not exceed 3% of GDP
- We will borrow some more to invest
- Excessive debt would risk achievements of past decade of recovery
- Debt will be lower at the end of next Parliament than at the start
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