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UK can afford to spend more on economy - government

Mon, 14th Oct 2019 11:50

LONDON, Oct 14 (Reuters) - Britain has a strong fiscal
position and, with borrowing costs at a record low, it can
afford to spend more to help its economy grow, the government
said on Monday.

Rules for the budget will be reviewed and will keep control
on public debt, the government said in a briefing note
accompanying the Queen's Speech to parliament, echoing comments
made previously by finance minister Sajid Javid.

A national infrastructure strategy will be published in the
autumn with a view to closing the gap in productivity between
London and other parts of the country and addressing the
challenge of climate change, the briefing note said.

Earlier on Monday, Javid said he planned to deliver
Britain's first post-Brexit budget statement on Nov. 6, less
than a week after the country's deadline for leaving the
European Union, if it exits with a deal.
(Writing by William Schomberg, editing by Andy bruce)

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