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Telegraph

Chancellor won’t rule out huge borrowing after spending £1bn a day in three weeks

Telegraph
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Government has a fiscal rule to have debt falling as a share of the economy in five years .

The rule is based on “debt excluding the Bank of England ” but moving to public sector net debt’ would change this.

Shadow chancellor Jeremy Hunt said he suspected Labour would “fiddle’ with the borrowing rule “so that they can end up increasing debt”.