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UK pledges to cut government spending waste

^{Published on 2024-12-10 08:41:11 - legit}
 

• UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste. "I have no doubt that we can find efficiency savings within government spending of five percent and I'm determined to do so,

The UK government, under Prime Minister Rishi Sunak, has announced plans to reduce government spending waste as part of its strategy to manage public finances more effectively. This initiative includes a commitment to cut unnecessary expenditures and improve efficiency across various departments. The move is aimed at addressing the economic challenges posed by high inflation and the cost-of-living crisis, ensuring that public funds are used more judiciously. The government's approach involves reviewing and potentially reducing spending on consultants, travel, and other non-essential areas, while also focusing on digital transformation to streamline operations. This strategy not only seeks to save taxpayer money but also to redirect funds towards critical public services like health, education, and infrastructure.

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[ https://www.legit.ng/business-economy/economy/1629900-uk-pledges-cut-government-spending-waste/ ]

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