Golden Rule (Hansard, 26 October 1998)

HC Deb 26 October 1998 vol 318 c40W 40W

§ Mr. Maude
To ask the Chancellor of the Exchequer if it is his policy to abide by the golden rule over the current planning period. [56078]

§ Ms Hewitt
As stated in the Economic and Fiscal Strategy Report (Cm 3978), the golden rule ensures that, over the economic cycle, the government will borrow only to invest and not to fund current expenditure.