UK Finance Minister to Announce New Spending Cuts in Spring
(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)
