UK fin min Reeves warns to consider cuts to front line services ...Middle East

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 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 budgets

The summary of the Times piece comes via Reuters.

GBP little changed.

This article was written by Eamonn Sheridan at www.forexlive.com.

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UK fin min Reeves warns to consider cuts to front line services ...Middle East

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