Chancellor Proposes Capital Spending Boost

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public spending

Guardian

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Reeves could change fiscal rules to allow more capital spending, say sources

Summary

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76% Informative

Sources say she could use next month’s budget to change the way the debt rule is assessed in a way that could allow more spending on housing, roads and hospitals.

Critics have accused the Treasury of prioritising short-term debt reduction ahead of long-term infrastructure and growth needs.

Economists say an average rise in Whitehall budgets of 1% over inflation would mean steep cuts to unprotected areas, such as courts and local government.

Reeves announced little in the way of new policy but did confirm plans to relaunch investigations into Covid contracts.

The announcement led to a standing ovation from delegates at the end of the speech.

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Informative language

Neutral language

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informal

Language

English

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not offensive