UK Finance Minister Rachel Reeves has announced plans to make significant changes to the country's fiscal rules in order to boost the economy.
The government aims to unlock billions of pounds for investment and address the "black hole" in public finances.
Prime Minister Keir Starmer has warned that the upcoming budget will be "painful" and require sacrifices from the public.
The proposed changes could potentially unlock up to £50 billion in additional fiscal headroom, allowing for increased public sector investment.
The government's approach reflects a recognition of the need for a more comprehensive understanding of fiscal health.
The upcoming budget will be crucial in shaping the UK's economic trajectory and will be closely scrutinized by political opponents and economic analysts.