Tories and Labour would both struggle to stay in borrowing limits – thinktank

Two main parties on track to break their own spending rules, says Resolution Foundation

Boris Johnson's election spending pledges have left a Conservative-led administration with a slender chance of staying within its borrowing limits if it returns to power, according to a leading thinktank.

The extra costs of employing 50,000 more nurses and increasing the national insurance personal threshold to 9,500 would leave the "smallest headroom any chancellor has had" against a government borrowing rule, the Resolution Foundation said.