UK Finance Minister Says Govt to Cut Costs by 15 Percent

A handout picture released by the BBC, taken and received on March 23, 2025, Britain's Chancellor of the Exchequer Rachel Reeves appearing on the BBC's "Sunday with Laura Kuenssberg" political television show in London. (Photo by Jeff OVERS / BBC / AFP)
A handout picture released by the BBC, taken and received on March 23, 2025, Britain's Chancellor of the Exchequer Rachel Reeves appearing on the BBC's "Sunday with Laura Kuenssberg" political television show in London. (Photo by Jeff OVERS / BBC / AFP)
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UK Finance Minister Says Govt to Cut Costs by 15 Percent

A handout picture released by the BBC, taken and received on March 23, 2025, Britain's Chancellor of the Exchequer Rachel Reeves appearing on the BBC's "Sunday with Laura Kuenssberg" political television show in London. (Photo by Jeff OVERS / BBC / AFP)
A handout picture released by the BBC, taken and received on March 23, 2025, Britain's Chancellor of the Exchequer Rachel Reeves appearing on the BBC's "Sunday with Laura Kuenssberg" political television show in London. (Photo by Jeff OVERS / BBC / AFP)

UK finance minister Rachel Reeves said Sunday she plans to cut the costs of running government by 15 percent within four years, as she grapples with strained public finances.

Her comments came ahead of her crucial Spring Statement on Wednesday when she is expected to detail billions of pounds of spending cuts across various government departments, AFP reported.

"We are, by the end of this parliament, making a commitment that we will cut the costs of running government by 15 percent," she told the BBC.

The broadcaster reported that target would translate to annual savings of £2.2 billion ($2.8 billion) across Britain's civil service, which employs more than 500,000 people.

Reeves said it would be up to individual departments to decide how many civil servants will lose their jobs but added that personnel could be cut by 10,000.

"I would rather have people working on the front line in our schools and our hospitals, in our police, rather than in back-office jobs," she told Sky News.

Reeves also insisted that she will stick to her own fiscal rules when she delivers her financial update on Wednesday.

They are not to borrow to fund day-to-day spending and to see debt fall as a share of the gross domestic product by 2029-2030.

Since she has also committed to not increasing taxes, sticking to the rules raises the prospect of spending cuts to some departments.

The Labour government has failed to get Britain's economy firing since it swept to power last July, a task complicated by Donald Trump's return to the White House.

"The world has changed," Reeves told Sky.

"We can all see that before our eyes, and governments are not inactive in that –- we'll respond to the change and continue to meet our fiscal rules."

Official data released on Friday showed that public sector net borrowing -- the difference between spending and tax receipts -- grew last month, leaving Reeves with little wiggle room to meet her rules.

The restrictions are designed to ensure that the government's spending plans maintain credibility in financial markets.

On Tuesday, the government announced contested cuts to disability welfare payments, hoping to save more than £5 billion annually by the end of the decade.

Reeves insisted Sunday that there would still be "real-terms" increases in total public spending in every year of this parliament, which is due to end in 2029.



Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
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Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday with the participation of top scientists, experts, decision-makers from around the world.

Saudi Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with the participation of World Water Council President Loïc Fauchon, inaugurated the official logo of the World Water Forum 2027.

In his remarks, Alfadley emphasized Saudi Arabia’s call for strengthened international cooperation and joint efforts among countries and organizations to tackle global water challenges. He underscored the importance of ensuring universal access to water and sanitation services as a key pillar in achieving Sustainable Development Goal 6 (SDG 6).

“Saudi Arabia prioritizes the water sector through various measures, including the adoption of a national strategy encompassing water production, storage, transportation, distribution, treatment, and reuse, all within a comprehensive institutional framework,” Alfadley added.

He further stated that the Kingdom has implemented Integrated Water Resources Management and enhanced supply chain governance. This is supported by the release of a long-term supply and demand plan that extends to 2050, alongside a commitment to environmental, social, and economic considerations in alignment with Saudi Vision 2030.

Highlighting the Kingdom's leading role in supporting regional and international water issues, Alfadley pointed to the launching of the Global Water Organization, aimed at fostering international collaboration, and the establishment of an International Water Research Center focused on water economics, water security, advanced technologies, and digital transformation.

Fauchon said the council, in collaboration with Saudi authorities, has developed a comprehensive framework outlining the thematic, regional, and political components that will shape the roadmap for the 11th edition of the forum that is being held in the Middle East for the first time.

He stressed the need to make water a top global priority, adding that this gathering will lay the foundation for future water policies. “The way ahead is still long, but we are confident we’re on the right path toward real solutions—solutions that can change lives,” he said.

Deputy Minister for Water at the Ministry of Environment, Water, and Agriculture Dr. Abdulaziz Alshaibani underscored the urgency of the current moment, describing the preparatory meeting as a call for serious and immediate action. Alshaibani emphasized the need to build upon existing progress in the water sector and to move decisively towards solidifying priorities.

He stressed the importance of greater coherence and integration across all sectors, along with the unification of all efforts, to achieve tangible solutions to global water challenges and to meet SDG 6. Alshaibani further noted that effective solutions must be anchored in several key pillars, including financing, innovation, diplomacy, and environmental considerations.

The World Water Forum 2027, organized by the World Water Council in Saudi Arabia, is a significant international platform for exchanging ideas and experiences in water management.