A revision of the sustainable investment rule to allow extra borrowing may diminish New Labour's claims to fiscal responsibility. However given the current debt burden, it may be the lesser of two evils.

Authors

Carl Emmerson
Carl Emmerson

Deputy Director

Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.

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Gemma Tetlow

Comment details

Publisher
IFS

Suggested citation

Emmerson, C and Tetlow, G. (2008). Analysis - Is this a sustainable fiscal rule? [Comment] IFS. Available at: https://ifs.org.uk/articles/analysis-sustainable-fiscal-rule (accessed: 4 July 2024).

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