Treasury installs ‘guard rails’ to avoid Liz Truss-style budget meltdown

Rachel Reeves is to seek advice from City experts to ensure big projects’ value for money and reassure marketsRachel Reeves, the chancellor, is taking action to ensure her budget plan for a multibillion-pound increase in government borrowing to fund infrastructure projects avoids a Liz Truss-style meltdown in financial markets.Ahead of her tax and spending event on 30 October, the chancellor is convening on Friday the first meeting of a taskforce of leading City figures to advise on infras