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Debt measure change ‘could boost public finances by £20bn’

Ruth Gregory, deputy chief UK economist at Capital Economics, a consultancy, said that the headroom against the fiscal goals could rise to as much as £32 billion with the change. “It’s not the overall level of debt that determines the headroom but the change in the level of debt between years four and five of the forecast period,” she said. “That’s why it’s possible for the headroom to increase both when more elements of debt are included and excluded.”

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