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Voluntary exit schemes underway across government departments ahead of Rachel Reeves' spending cuts

Sky News Tuesday, 25 March 2025
Voluntary exit schemes underway across government departments ahead of Rachel Reeves' spending cutsA swathe of government departments have either begun or will start voluntary exit schemes for staff in anticipation of the chancellor's spending cuts, Sky News can reveal.
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News video: Welfare cuts and defence boost expected in Spring statement

Welfare cuts and defence boost expected in Spring statement 00:45

Chancellor Rachel Reeves will give her Spring statement in the House of Commons this lunchtime, where she is expected to announce welfare cuts and a boost to defence spending. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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Rachel Reeves Rachel Reeves British politician (born 1979)

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Credit: ODN    Duration: 00:53Published
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Credit: ODN    Duration: 00:46Published
Chancellor reacts to latest interest rates decision [Video]

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Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly important but difficult job to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:38Published
Reeves 'disappointed' that economy shrunk 0.3% in April [Video]

Reeves 'disappointed' that economy shrunk 0.3% in April

Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S. trade tariffs have had an impact. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:47Published

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