fromBusiness Matters
3 hours agoReeves clamps down on Treasury emergency funds ahead of November Budget
She added that any borrowing from the reserve - which amounted to £9 billion last year but is being halved in 2025 - would have to be repaid. The Reserve is intended for "genuinely unforeseen, unaffordable and unavoidable pressures" but has in recent years been used to fund public sector pay deals and compensation settlements.
UK politics