UK Treasury May Relax Fiscal Rules

UK Treasury May Relax Fiscal Rules

news.bbc.co.uk

The government is considering re-writing its own rules on how much it can borrow in order to counter the effects of the economic slowdown.
The new framework, which will probably be announced in the Autumn pre-Budget statement, would permit more borrowing as an alternative to increasing taxes.

The Treasury stressed no judgement had yet been taken.

The Tories say such a move would be final nail in the coffin of Gordon Brown's reputation for prudence.

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Increased latitude for greater national debt...

Sounds like a great idea. Sound economic planning in the midst of a potential systemic meltdown.

Inspires confidence doesn't it?

news.bbc.co.uk
(visit the link for the full news article)