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Whitehall braced for spending cuts after UK hit by bond market turmoil

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Whitehall departments are bracing for harsher spending settlements this summer as the Treasury seeks savings following a jump in its borrowing costs.  Officials warned of “really difficult choices” in the upcoming spending review — with … Read more

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