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Transcripts for BBCNEWS BBC News 20211027 16:12:00

the economy to reopen. you can see there that it s going to slow down again in the coming years. you got government borrowing, because of the economic growth it means more tax money rolling in. that means the chancellor has to borrow less in order to cover his spending. barring here is dropping even from where it was back in march. that s the blue predictions and matt did not march. the orange predictions that s what s predicted now. have a look at the purple bids. that showing the day to day spending. that s the chancellor is the new fiscal goal. he setting himself a goal that must be falling x including the bank of england which is quite a lot. but that must be falling and also the second goal is that borrowing will be coming down. but barring crucial enough or investment buffer day to day spending. that s is the rule just like gordon brown zero 18 years ago. that fiscal charter is easier to meet partly because the chancellor is raising taxes like thatcher would have dared to do. if

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