Friday Briefing: A choice between investment and decline

Friday Briefing

Valeria Martinez
clock • 4 min read

The Labour Party’s first Budget in 14 years is set to open the floodgates for borrowing billions more each year to finance what the IMF has called “badly needed” public investment.

Writing in the FT on Thursday (24 October), Chancellor Rachel Reeves confirmed the self-imposed fiscal rules on borrowing would be relaxed, granting the Treasury more wiggle room to spend on capital investment. What to expect at the upcoming Autumn Budget The tweak to the fiscal rules would allow Britain to borrow as much as £70bn more over the next five years to invest in improving the country's strained public services and infrastructure.  "At my Budget next week, I will show that we have a choice between investment and decline," she wrote in the FT. "I am choosing to invest i...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Shop price deflation hits 0.7% in January as prices are expected to rise
UK

Shop price deflation hits 0.7% in January as prices are expected to rise

Major discounts for non-food products

Sorin Dojan
clock 28 January 2025 • 1 min read
UK consumer index slides sharply in January amid public 'losing confidence' in economy
UK

UK consumer index slides sharply in January amid public 'losing confidence' in economy

All five measures down

Sorin Dojan
clock 24 January 2025 • 2 min read
Financial heavyweights join forces against chancellor's IHT/pension plans
UK

Financial heavyweights join forces against chancellor's IHT/pension plans

Send joint letter

Jenna Brown
clock 23 January 2025 • 2 min read
Trustpilot