PM's golden rules may be ditched; Chancellor says fiscal policy 'under review'.(News)

The Journal (Newcastle, England) | July 19, 2008 | Copyright

Byline: Andrew Woodcock

CHANCELLOR Alistair Darling yesterday confirmed that the Government's muchvaunted fiscal rules were "under review".

But Mr Darling insisted no decision had been taken on whether to loosen them to allow more borrowing.

With official figures yesterday showing net borrowing hit a record pounds 24.4bn in the first quarter of the financial year, economists said ministers were faced with a choice ...

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