“My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will be met from taxation.”

— Gordon Brown

Hansard, 6 ser, vol 297 col 304 (2 July 1997)
From Brown's first Budget speech.
Chancellor of the Exchequer

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Gordon Brown 31

British Labour Party politician 1951

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“My first rule – the golden rule – ensures that over the economic cycle the Government will borrow only to invest, and that current spending will be met from taxation.”

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