London  —  Boris Johnson and Jeremy Corbyn escalated their spending pledges on Thursday, drawing election battle lines with plans to end a decade of UK austerity.

Chancellor of the exchequer Sajid Javid said on Thursday he would jettison the existing fiscal rules, allowing the Conservative government to devote an extra £20bn (about R377bn) a year to capital projects such as railways and roads if Johnson’s party is re-elected...

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