Britain's Chancellor of the Exchequer Rachel Reeves attends an interview with Reuters during the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. REUTERS/Yves Herman
LONDON: Britain will stick to its fiscal rules despite global upheaval, Finance Minister Rachel Reeves said, raising the prospect of thousands of public sector job cuts in this week’s budget update which is likely to include further savings.
Last October, in her first full budget, Reeves sought to win the trust of investors by pledging to bring day-to-day spending into balance with tax revenue by the end of the decade.
