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UK Treasury chief shows no sign of turning off spending taps
Read full article: UK Treasury chief shows no sign of turning off spending tapsThe comments came amid reports that Sunak may announce a pay freeze for government workers when he delivers his annual spending review to Parliament on Wednesday. That triggered questions about whether he was preparing to clamp down on spending and raise taxes amid forecasts that government borrowing will reach 372 billion pounds this fiscal year. āItās real, itās not just numbers of a chart, itās peopleās lives, itās their livelihoods, their security thatās being impacted. The matter is even more fraught now, as public sector workers, including nurses, firefighters and care workers, bore the brunt of tackling COVID-19. āSo there is an enormous amount of uncertainty at the moment and it wouldnāt be right to make long-term decisions right now.ā