Changing The Rules: Bloomberg Economics' Pitch To Rachel Reeves

Jamie Rush, Bloomberg’s Chief European Economist, dives into the pressing need to update the UK's borrowing rules. He critiques the short-term focus of current debt policies and argues for a longer evaluation horizon to encourage sustainable growth. Rush also discusses the delicate balance required in post-pandemic recovery, advocating for fiscal credibility and accountability. With compelling examples from other countries, he highlights how reformed rules could pave the way for strategic investments that benefit the economy in the long run.