#30 PwC UK: The Chancellor Should Break Her Fiscal Rules

#30 PwC UK: The Chancellor Should Break Her Fiscal Rules

From Big Boss Interview by BBC News

March 12, 2026 · 40 min

About this episode

Marco Amitrano discusses the UK economy and the need for loosening fiscal rules to boost infrastructure investment.

Marco Amitrano, European boss of PwC, joins the Big Boss Interview to discuss the UK economy, artificial intelligence, business confidence and the case for loosening the government’s fiscal rules to unlock infrastructure investment. Amitrano makes a direct appeal to Chancellor Rachel Reeves to reconsider the government’s borrowing limits, arguing that strict fiscal rules risk preventing the investment needed for long-term economic growth. He says the UK faces what has been described to him as a £2 trillion infrastructure gap, spanning transport, digital networks and the energy grid. Relaxing borrowing restrictions, he argues, could allow government to invest alongside business in the technology, talent and infrastructure needed to make the UK globally competitive. Amitrano acknowledges that markets may initially react with higher borrowing costs, but says a transparent plan showing how spending would drive growth could reassure bond investors. Artificial intelligence is already reshaping the professional services sector, with Amitrano revealing that more than 80% of chief executives globally are making material investments in AI, and around 60% now see it as critical to their…

People in this episode

Host: BBC News

Guest: Marco Amitrano

Topics covered

Keywords

Mentioned in this episode

Organizations: PwC

Places: UK

More episodes of Big Boss Interview

Explore listener stats, chart rankings, contacts and more on the Big Boss Interview podcast page.