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day government spendingSky News
•World
World
68% Informative
Rachel Reeves is on course to tighten Whitehall public service budgets further than expected in spending review.
In October budget she left herself just 9.9bn of leeway, out of a total bill for public spending that tops 1trn .
Worsening economic conditions mean that the buffer could now be as little as 1bn .
Treasury is braced for the possibility that on the spring statement she is in breach of fiscal rule.
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