There's a fairly decent argument that this should be treated as an extraordinary crisis or natural disaster, in the same way we did for coronavirus. Just chuck what spending is needed into stimulus to keep the economy going through it and worry about the debt later.Son of Mathonwy wrote: ↑Sat Apr 05, 2025 9:49 am I am hoping that Reeves can think outside the box just a little now and contemplate relaxing the fiscal rules, ie to allow us to borrow more and not be hamstrung by the last cell in the OBR's spreadsheet.
Prioritising reduce the deficit when facing a recession or depression would be incredibly stupid.
Puja