Government to announce 1% cut to departmental budgets

The Treasury has confirmed that the government will announce budget cuts of 1% to departments over the next two years.

Making the announcement on Twitter the Treasury said:

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Resource budgets in government departments cut by around 1.1% over next two years #responsiblerecovery

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No cuts to capital, health, schools, aid, HMRC, local gov & security services. MoD given exceptional flexibility #responsiblerecovery

In another message the Treasury said: "Chancellor & Chief Sec have written to cabinet to inform them an extra £1bn a year savings will be made over next 3yrs."

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1% cut to govt department budgets

The Treasury has confirmed that the Government will announce budget cuts of 1% to departments over the next two years.