Chancellor sets out plans to rewrite borrowing rules

The chancellor has set out plans to rewrite the government's fiscal rules in next week's budget. Rachel Reeves said there will be a change to the way debt is measured which will allow her to increase borrowing for public investment. "We will pay for day-to-day spending through tax receipts - that is something the previous government didn't even try to do let alone meet," she said. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn