Latest editorial
Reeves orders 5% cuts across all government departments in ‘efficiency drive’
Chancellor of the Exchequer Rachel Reeves speaks to the media after a visit to Maidstone Hospital to announce the launch of Phase 2 of the Spending Review, December 10, 2024
CHANCELLOR Rachel Reeves has ordered 5 per cent cuts across government departments in an “efficiency drive” that resembles austerity.
Announcing the spending review, Ms Reeves said: “I have no doubt that we can find efficiency savings within government spending of 5 per cent and I’m determined to do so.”
She said the cuts would be secured by cracking down on waste and focusing on the five “milestone” policies Prime Minister Sir Keir Starmer outlined in his government relaunch last week.
Similar stories
Our two-tear Chancellor’s woes at PMQs caused a multimillion-pound sinking feeling on the bond market, writes ANDREW MURRAY
