January 02, 2025 at 10:55PM
Rachel Reeves is the UK’s Chancellor of the Exchequer.
The UK TImes (gated) reports that Reeves has warned ministers to consider cuts to frontline services
they will have to consider cuts to
frontline services if they want to fund above-inflation pay
rises for public-sector workers
Treasury has taken a hardline stance
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 summary of the Times piece comes via Reuters.
GBP little changed.
This article was written by Eamonn Sheridan at www.forexlive.com.
UK fin min Reeves warns to consider cuts to front line services