UK Treasury plans extra borrowing to fund infrastructure and housing

UK Treasury extra borrowing fiscal rules infrastructure funding National Wealth Fund

British Treasury officials are examining the possibility of raising billions of pounds in additional borrowing by using flexibility built into the government's fiscal rules. Finance Minister John Healey told The Times there is "scope for more and more rapid investment" and said the funds could be directed to infrastructure, housing and business support.

The fiscal rules were altered in 2024 by former finance minister Rachel Reeves to count public‑sector assets when assessing debt, opening the way for greater public borrowing. Analysts suggest the extra financing could be routed through the British Business Bank, the National Wealth Fund and the National Housing Bank, and some of it may be allocated to regional mayors under Prime Minister Andy Burnham's devolution agenda.

The Resolution Foundation estimates the government could invest an additional £9 billion a year by 2031 via the National Wealth Fund. Britain borrowed £128 billion in the 2025/26 fiscal year, and Healey is set to present his first budget on 28 October.

Entities

Andy Burnham · John Healey · National Wealth Fund · Rachel Reeves · UK Treasury

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] Former finance minister Rachel Reeves changed fiscal rules in 2024 to include public sector assets in debt calculations. kelo.com · wixx.com · wkzo.com · wsau.com
[● 4 SOURCES] Some of the money could be shared with regional mayors under Prime Minister Andy Burnham's devolution plans. kelo.com · wixx.com · wkzo.com · wsau.com
[● 4 SOURCES] Extra borrowing could be channelled through the British Business Bank, the National Wealth Fund and the National Housing Bank. kelo.com · wixx.com · wkzo.com · wsau.com
[● 4 SOURCES] UK Treasury officials are considering raising billions of pounds in extra borrowing using flexibility in fiscal rules. kelo.com · wixx.com · wkzo.com · wsau.com
[● 4 SOURCES] The Resolution Foundation estimates the government could invest an extra £9 billion per year by 2031 via the National Wealth Fund. kelo.com · wixx.com · wkzo.com · wsau.com
[● 4 SOURCES] Britain’s government borrowed £128 billion in the 2025/26 financial year. kelo.com · wixx.com · wkzo.com · wsau.com
[● 4 SOURCES] Finance Minister John Healey is due to announce his first budget on 28 October. kelo.com · wixx.com · wkzo.com · wsau.com

Sources

UK Treasury working on scope for extra borrowing, The Times says [wkzo.com]

22 days ago

UK Treasury working on scope for extra borrowing, The Times says [wixx.com]

22 days ago

UK Treasury working on scope for extra borrowing, The Times says [kelo.com]

22 days ago

Healey draws up plans to borrow extra £9bn a year for asset stakes [bmmagazine.co.uk]

21 days ago

FEATURE STORY : What are the UK’s fiscal rules and how could the Government borrow more? – UKPOL. CO. UK [www.ukpol.co.uk]

22 days ago

UK Treasury working on scope for extra borrowing, The Times says [wsau.com]

22 days ago