UK's Reeves has warned ministers to consider cuts to frontline services, The Times reports
UK's Reeves has warned ministers to consider cuts to frontline services, The Times reports
Published by Global Banking and Finance Review
Posted on January 2, 2025
(Reuters) - British finance minister Rachel Reeves has warned ministers that they will have to consider cuts to frontline services if they want to fund above-inflation pay rises for public-sector workers, The Times reported on Thursday.
The Treasury has taken a hardline stance and told ministers that there will be no additional funding and that if independent pay-review bodies recommend bigger rises in earnings, they will have to fund it from within existing budgets, the report said.
(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Leslie Adler)