He added: “The fact that the Chancellor – and we’re going on speculation here – but the fact that the Chancellor was reported as even considering breaking manifesto commitments tells you two things: Firstly, the public finances are under real pressure, and secondly she is fundamentally, unequivocally, committed to her fiscal rules and so therefore she’s got some invidious choices to make, and she’s weighing those up.”
Government borrowing costs rise in wake of income tax U-turn speculation
