Former Bank of England Governor Slams Reeves Over Fiscal Rules

Former Bank of England Governor Slams Reeves Over Fiscal Rules

Former Bank of England governor Mervyn King has made a rare intervention on economic policy today, this time against the Chancellor's constantly-promoted

Mervyn King blasts Reeves' 'flawed' fiscal rules

Former Bank of England Governor Mervyn King has slammed forward-looking fiscal rules set by Chancellor Rachel Reeves.  Reeves has defended her rules on spending as essential for boosting investment on infrastructure as she is given more space to borrow.  But King argued today in the House of Lords that her rules in fact means extra burden is put on the public purse.  He suggested the rules, which were set ahead of last year’s Autumn Budget, were…