Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
World

UK Set To Cut Public Spending By Billions Of Pounds

Britain's finance minister Rachel Reeves prepares to deliver her Spring Statement (Credit: AFP)

Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on Wednesday to address the country's ailing public finances.

The spending update comes as the Labour government, elected in July after a landslide election win, faces sluggish economic growth and rising borrowing costs.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.