LONDON: Chancellor of the Exchequer Rachel Reeves needs to run primary budget surpluses, a feat Britain last achieved a quarter of a century ago, to get a grip on the country’s “unsustainable” debt trajectory, a leading economic think tank warns.
Reeves will require an extra £50bil at least in this month’s budget to shore up the public finances and create enough of a buffer to guard against future shocks, the National Institute of Economic and Social Research (NIESR) said yesterday.
