The UK Chancellor proposes to reduce the cost of determining state finance

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This week, Chancellor Rachel Riviz will present plans to Britain’s official forecasters per billions of pounds, with a focus on reducing the well -being bill to pull up weak public finances in the country.

The amount of 9.9 billion. Pounds of financial reserves leaving itself against its own fiscal rules Wiped out Increasing borrowing costs, while sluggish growth contributed to its problems before the March 26 statement.

People have informed about the process, they say that the jerk will send “measures” Office for budget liability Designed to restore government finances, some say they are more than £ 10 billion than with its October budget.

“You don’t need OBR to tell you that the world has changed, that borrowing costs have grown around the world and that we need to take action,” one said.

Trees He insists that the spring statement will not be a “full financial event” – it still intends to have one big budget in the fall – but the chancellor is forced to take measures for state finances.

“We have to go further and faster by reforms and costs,” said one official about the thinking of Riva. The chancellor will also warn the country that in the future it will have to spend more on defense.

On Tuesday, the Reiva received the latest previous OBR forecasts and this week will send measures to forecasters as it prepares its final forecast for state finances on March 26.

The Chancellor’s central task is the conviction that the cuts she intends to do, especially to the well -being programs, actually ensure the savings she claims.

In addition to reducing the well -being, the Minister of the cabinet of PJS MacFadden makes plans to reduce the costs of the Central Government to make the state more “agile”. WES -Streng, Health Secretary, is also working on the NHS performance plan.

In October, OBR forecasts showed that Reiviz had a 9.9 billion pound against its management, so that the current budget was up to 2029-30-30-fed “almost without a room”, according to the Institute of Fiscal Studies, Analytical Center.

Liz Kendal, the secretary of labor and pensions, seeks to convince the OBR that the programs will pull people out of the disease and work, by the end of the decade it will increase the state wallet because it is trying to reduce billions of pounds from the country’s well -being.

The secretary of work and pensions invests the basis for the overhaul of the benefit system, which it will outline at the end of this month, as the labor is trying to avoid compulsory reduction in government expenses or taxes.

The Department of Labor and Pensions in recent weeks have published five evaluations of “special” impact Reported about Financial Times Monday.

Louise Murphy, the senior economist of the resolution fund, said the assessments were obviously part of the efforts to force ADA to evaluate a new state policy for implementing employment programs more generously than in the past.

“It is really difficult to make a great savings in the payout system,” she said. “What you can gain is very really rough, and in fact, they say that some cohorts will no longer benefit.”

It is expected that the Reivz will outline additional savings before the full review of the public expenses when it tries to make its budget amounts. Treasury officials insist that it will not bend their financial rules, against the background of fear that it is upsetting markets.

Despite the fact that the insiders of the Treasury did not rule out taxes on March 26, they insist that the jerk wants to make big changes to its autumn budget.