Economic news
UK chancellor Hunt plans freeze in public spending for 3 years after 2025 – FT
2022.11.10 18:04
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© Reuters. FILE PHOTO: New Chancellor of the Exchequer Jeremy Hunt leaves 10 Downing Street in London, Britain, October 14, 2022. REUTERS/Henry Nicholls
(Reuters) – UK Chancellor Jeremy Hunt was examining freezing day-to-day public spending in real terms for three years after 2025 in the Autumn Statement next Thursday, saving about 27 billion pounds ($31.67 billion) a year by 2028, the Financial Times reported.
Hunt is drawing up plans to reduce the growth in public spending in those three years after to 2% or lower, the newspaper said on Thursday citing people familiar with the matter.
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