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What is Golden Rule

One of the UK Government's two fiscal rules (the other being the sustainable investment rule). It states that over the economic cycle, the Government will borrow only to invest and not to fund current spending.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Decree Absolute Quartile Testimony Smurfing
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Term created / updated 2007-03-29 15:42:36

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