UK Should Relax Accounting Rules to Boost Investment, Paper Says
A think tank report suggests the UK should relax national accounting rules to allow government bodies to borrow for infrastructure investment. The report claims current rigid rules are causing the country to miss out on billions in potential investment.
Britain is wasting an opportunity to invest billions of pounds in infrastructure by sticking to rigid national accounting rules that prevent arms-length government bodies from borrowing on their own account, the Common Wealth think tank said.
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