The UK government is facing increasing pressure to make deeper cuts to public spending as borrowing costs surge to their highest level since the 2008 financial crisis. Prime Minister Rishi Sunak has promised a 'ruthless' approach to balancing the books, with reports suggesting Chancellor Jeremy Hunt is pushing departments to find significant savings.
Whitehall departments are still working to the October Budget despite warnings deeper cuts are on the way
The Prime Minister said on Monday the Government would be “ruthless” in its approach to public spending. It followed reports that Chief Secretary to the Treasury Darren Jones had written to Cabinet ministers ordering them to be “ruthless” in looking for cuts.the Chancellor who was doing a “fantastic job”, but initially declined to answer whether she would still be Chancellor at the next election.
This will mean that the axe will once again fall on other “unprotected” departments, such as the Home Office, the Ministry of Justice and the Ministry of Housing, Communities and Local Government.It is understood there are concerns within the Ministry of Justice that Reeves could force further cuts to the government department’s budget that could have an impact on victim support services amid the row over the handling of the“There was nervousness in the first place about the Spending Review.
“I don’t think there’s many people who will be saying, if the situation tightens, then we should go back for more tax increases, because I don’t think that’s tenable,” they said., they said MPs would not be “pleased to go back to their constituents and say actually the situation is even worse, and we now need to raise NI, or VAT or income tax”.“The last thing that you want is for a chancellor to be changing her fiscal rules six months into a government, that doesn’t inspire any confidence.
Harriet Wistrich, director of the Centre for Women’s Justice, said: “The whole justice system is in the virtual stage of collapse as it is and what it is investment, not further cuts.” Answering questions following a speech in London, the Prime Miniser said: “We’re going to stick to the fiscal rules. That is a very important thing that we’ve said throughout.”
BUDGETCUTS BORROWINGCOST PUBLICSPENDING RISHISUNAK JEREMY HUNT
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