UK fin min Reeves warns to consider cuts to front line services
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 servicesthey will have to consider cuts to frontline services if they want to fund above-inflation pay rises for public-sector workersTreasury 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 budgetsThe summary of the Times piece comes via Reuters. GBP little changed. This article was written by Eamonn Sheridan at www.forexlive.com.
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.
