Global Economic News

UK To Conduct Spending Review For 1 Year

The UK government has decided to cut its planned spending review to one year from three years as the focus has shifted entirely to Covid-19 responses and supporting jobs.

"The Chancellor and the Prime Minister have decided to conduct a one-year Spending Review, setting department's resource and capital budgets for 2021-22, and Devolved Administration's block grants for the same period," the HM Treasury said.

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by RTTNews Staff Writer

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