fiscal buffer

House of Lords committee urges Rachel Reeves to build bigger fiscal buffer

A House of Lords committee has urged Chancellor Rachel Reeves to aim for a significantly larger fiscal buffer, warning that the UK's public debt is on an unsustainable trajectory. The committee's report says the current £22bn headroom remains at historically low levels compared with the £30bn average between 2010-2022, and calls for larger buffers to become the norm to avoid destabilising policy changes.