Reeves defends record as chancellor and blames Iran war for slowdown; Oil price hits lowest level since before conflict began – business live

Rolling coverage of the latest economic and financial news Q: Some people are backing Andy Burnham because they think he’ll rip up your fiscal rules… Reeves replies that Burnham has been “really explicit” that he backs those fiscal rules [they dictate that day to day spending is funded through tax receipts, and that debt falls as a share of the economy]. So yes, there is more to do, but all of that has to be anchored around that stability, that high return to the economy. Continue reading...

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