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Britain's Reeves pledges to stick to fiscal rules at all times

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British finance minister Rachel Reeves, facing criticism for her management of the economy after a sharp increase in the cost of government borrowing, said on Tuesday that she would stick to her fiscal rules at all times.
UK Finance Minister Rachel Reeves has reaffirmed the government's commitment to its fiscal rules, aiming to reduce the national debt as a percentage of GDP within five years and ensure that the current budget is in balance or surplus. Speaking at an event in London, Reeves emphasized the importance of these rules for economic stability and growth, despite the challenges posed by high debt levels and economic recovery efforts post-COVID. She highlighted that adhering to these fiscal guidelines would not only stabilize the economy but also foster an environment conducive to investment and job creation. Reeves also mentioned that the government would continue to monitor economic conditions closely, adjusting policies as necessary to meet these fiscal targets while supporting public services and infrastructure development.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/uk/uk-finance-minister-reeves-we-remain-committed-fiscal-rules-2025-01-14/ ]