§ Mr. MaudeTo ask the Chancellor of the Exchequer what are his current operating rules for fiscal policy. [56081]
§ Ms HewittThe Government's operating rules for fiscal policy, as set out in the Economic and Fiscal Strategy Report, are
The golden rule—over the economic cycle the Government will borrow only to invest and not to fund current expenditure.The sustainable investment rule—net public debt as a proportion of national income will be held over the economic cycle at a stable and prudent level.