As part of a broad efficiency drive, the Ministry of Finance is downsizing its workforce over the next two years.

Britain's finance minister Rachel Reeves is planning cuts to welfare and other departmental spending of several billion pounds after her financial headroom was wiped out, the BBC reported. Reeves will deliver her Spring Statement on March 26,

There is a “moral case” for cutting the welfare bill, a Cabinet minister said as Rachel Reeves seeks to slash public spending by billions of pounds in her spring statement. The Chancellor will deliver her statement on March 26 in response to the latest forecasts from the Budget watchdog,