Posted 12/31/2023, 12:00:00 AM
Sunak Hopes to Put Labour on Defensive Over Borrowing Plans in Upcoming Budget
- Sunak aims to use Budget to force Labour to reveal borrowing plans, hoping to show it would increase debt
- Tories want to shift attention to Labour's spending and could change fiscal rules to be stricter on debt
- One idea is measuring debt interest or servicing costs as percentage of GDP or spending
- Would force Starmer to show if he plans to increase borrowing and make Tory attack on Labour stronger
- Starmer focused on cost of living and NHS in New Year's message, claiming 2023 is chance for political renewal