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Home»Economy
Economy

UK’s Labour to keep fiscal rule on debt burden, reports say By Reuters

News RoomBy News RoomMarch 19, 2024
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© Reuters. FILE PHOTO: British Shadow Chancellor of the Exchequer Rachel Reeves looks on outside the BBC Broadcasting House, after her appearance on ‘Sunday with Laura Kuenssberg’, in London, Britain, November 19, 2023. REUTERS/Isabel Infantes/ File photo

LONDON (Reuters) – Britain’s opposition Labour Party would stick with the current government’s fiscal target of bringing down debt as a share of economic output in the fifth year of a forecast period, media reports said on Tuesday.

Labour’s would-be finance minister Rachel Reeves will make the commitment in a speech she was due to give later on Tuesday, the Financial Times and the BBC reported.

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