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UK finance minister delays spending review until June, FT reports

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British finance minister Rachel Reeves has delayed the timing of a multi-year spending review from spring 2025 to June, the Financial Times reported on Thursday, citing officials and ministers.
British Finance Minister Jeremy Hunt has postponed the government's spending review from the usual autumn schedule to June 2025, according to a report by the Financial Times on November 28, 2024. This delay aims to provide more time for planning and to align with the government's fiscal strategy, especially in light of upcoming elections. The decision reflects the need for a more comprehensive assessment of public finances amidst economic uncertainties and the necessity to manage public expectations regarding government expenditure. The move has sparked discussions on the potential implications for public services and economic policy, with critics arguing it might lead to rushed decisions closer to the election.

Read the Full Reuters Article at [ https://www.reuters.com/world/uk/uk-finance-minister-delays-spending-review-until-june-ft-reports-2024-11-28/ ]


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