The UK's fiscal rules may constrain growth no matter who wins the General Election

Blog: Bennett Institute for Public Policy

Abstract

Following the 2022 Truss/Kwarteng mini-budget which resulted in UK borrowing costs soaring, both main UK parties have reaffirmed their commitment to fiscal rules. But the specifics of these rules should be reassessed so they do not constrain future productivity growth and hence the next Government's ability to improve public services, writes Thomas Aubrey.
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