Tag: public sector pay
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UK Treasury Tightens Access to Reserve Fund: Ministers Warned Not to Expect Bailouts
UK Treasury Tightens Access to Reserve Fund Ahead of Budget The UK Treasury has signalled a hardening stance on ministers’ ability to tap its reserve fund for public sector pay rises and other unforeseen costs. In a move aimed at curbing borrowing and ensuring spending stays within the June spending review framework, chief secretary to…
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UK Treasury Reserve Fund Clampdown: Ministers Told Bailouts Off
UK Treasury Reserve Fund Clampdown Signals a New Budget Discipline Ministers across the UK government are being warned that the Treasury’s reserve fund will not be a default line of credit for public sector pay rises or unforeseen pressures. In the run-up to the autumn budget, James Murray, the Chief Secretary to the Treasury, outlined…