Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
British finance minister Rachel Reeves plans new spending cuts in the Spring Statement to address budget gaps, impacting Whitehall departments.
(Reuters) - British finance minister Rachel Reeves is planning a new, multibillion-pound public spending squeeze in next week's Spring Statement, the Financial Times reported on Tuesday.
Reeves is looking for further cuts to fill a hole in the public finances and will trim proposed budgets for Whitehall departments later in the parliament, the report said, citing officials briefed on her plans.
($1 = 0.7693 pounds)
(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Chris Reese)
The main topic is the planned public spending cuts by British finance minister Rachel Reeves in the upcoming Spring Statement.
British finance minister Rachel Reeves is planning the spending cuts.
The spending cuts aim to fill a hole in the public finances and adjust budgets for Whitehall departments.
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