Sajid Javid rips up Tory fiscal rules with vow to spend extra £20bn
by Rowena Mason from Economics | The Guardian on (#4TSXS)
Chancellor to raise borrowing while claiming Labour would 'saddle country with debt'
Sajid Javid has ripped up the Conservative party's former fiscal rules and loosened constraints on borrowing to the tune of 20bn a year, while attacking Labour for planning to "saddle the country with debt".
The chancellor was repeatedly challenged over his decision to increase borrowing at the same time as criticising Labour for wanting to do the same.
Related: Labour and Tories race to ramp up spending despite borrowing risks
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