Fiscal rules Borrow more to invest, says Unite leader

The head of Unite, Sharon Graham, has put immediate pressure on the Labour government to change its fiscal rules so it can borrow more to invest in infrastructure and public services.

- Pippa Crerar

The union leader told the chancellor, Rachel Reeves, that people "haven't got time to wait for growth" after Labour put boosting economic output at the heart of its plans to repair the country.

"You're going to have to borrow to invest. You haven't got time to wait for growth. People are literally hurting out there... and our crumbling public services need money." Reeves has said the government will borrow only to invest within its fiscal rules, and that overall public debt should fall year on year as a share of gross domestic product by the fifth year of official forecasts.