Tories and Labour would both struggle to stay in borrowing limits – thinktank

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Two main parties on track to break their own spending rules, says Resolution Foundation

Boris Johnson’s election spending pledges have left a Conservative-led administration with a slender chance of staying within its borrowing limits if it returns to power, according to a leading thinktank.

The extra costs of employing 50,000 more nurses and increasing the national insurance personal threshold to £9,500 would leave the “smallest headroom any chancellor has had” against a government borrowing rule, the Resolution Foundation said.

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