Britain announces major change to fiscal rules to free up billions in spending

On Thursday, Britain’s Finance Minister Rachel Reeves admitted her intentions to change the country’s fiscal rules in the October budget. She revealed that the new budget aims to free billions of pounds for investments.

After weeks of speculation, United Kingdom’s finance minister, Rachel Reeves, revealed on Thursday that she intends to change the county’s budgetary rules. The confirmation comes days before the chancellor delivers the Labour government’s debut budget. 

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