Our new report concludes that the current fiscal rules can be met without any actual reduction in debt being achieved over the long term. The Government should set out an additional commitment such that in normal times debt in the third year is lower than in the first year.
Lords Economic Affairs Committee
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A House of Lords committee that considers economic affairs & makes recommendations to Government. Inquiry: The UK's fiscal framework. Header: Adobe Stock
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See what our Chair Lord Wood has said about our new report, ‘Fortifying the fiscal framework’. Find out more here:
committees.parliament.uk/committee/175/…
committees.parliament.uk/committee/175/…
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The UK’s fiscal framework is intended to promote sustainable public finances and we’ve just published our new report on it. Read our ‘Fortifying the fiscal framework’ here: committees.parliament.uk/committee/175/…
Last week the committee concluded its inquiry into the UK’s fiscal framework, hearing evidence from James Murray MP, Chief Secretary to the Treasury. Visit LinkedIn to read a short summary of the session: linkedin.com/feed/update/ur…
The Finance Bill Sub-Committee has published it's report on the Draft Finance Bill 2025-26.
Read our report here : committees.parliament.uk/committee/230/…
Read our report here : committees.parliament.uk/committee/230/…