General election: Sajid Javid vows to unleash extra spending on public services in major policy shift.

Chancellor Sajid Javid has vowed to rip up the government’s fiscal rules and “borrow to invest”, in order to unleash extra spending on schools, hospitals and infrastructure.

The chancellor said a Conservative government would stick to two new rules - balancing the overall budget and borrowing no more than three per cent of GDP for investment in long-term infrastructure projects.

If borrowing costs rise, the government will reassess, Mr Javid said in his first major speech of the campaign for the 12 December general election.

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Speaking underneath a Concorde in a hangar outside Manchester Airport, the chancellor said he believed the 2020s would be "Britain's best decade yet".

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