My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will be met from taxation.


Hansard, 6 ser, vol 297 col 304 (2 July 1997) - Chancellor of the Exchequer


My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will...

My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will...

My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will...

My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will...