Introducing FT Politics: UK Election Countdown
FT News Briefing
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Shifting Fiscal Strategies in UK Politics
This chapter examines a pivotal change in Conservative economic policy, moving from austerity towards increased capital spending and borrowing. It contrasts this with the Labour Party's new fiscal rule allowing for significant borrowing for infrastructure and green initiatives, signaling a departure from traditional fiscal norms. The discussion highlights the implications of these shifts for public financing, economic risks, and the evolving political landscape around fiscal responsibility.
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