UNITE leader Sharon Graham has welcomed an acknowledgement by Prime Minister Sir Keir Starmer that the government is prepared to borrow money to invest in Britain’s infrastructure.

Sir Keir said in media interviews at the United Nations in New York, where he also met Donald Trump, that he had “long believed in borrowing to invest” as a “catalyst” to attract for private investment.

But the Prime Minister added that he did not want to “get ahead” of the government’s first Budget, which Chancellor Rachel Reeves is due to announce on October 30.

Delegates at this week’s Labour Party conference called for changes to fiscal rules to allow government borrowing, a demand led by Unite.

Ms Graham said: “It seems that the government has listened and will now reform its fiscal rules to allow borrowing to invest.

“If this government is going to achieve its aim of making the UK a fairer society that delivers for workers and their communities, then it needs make serious investment in infrastructure and new job creating industries.”

A Treasury spokesperson said: “The Budget will be built on the rock of economic stability, including robust fiscal rules that were set out in the manifesto.”