UK Treasury tells ministers not to expect bailouts from its reserve fund

<p>Departments told to manage their own cost pressures as finance ministry seeks to curb overuse of contingency fund</p><p>Cabinet ministers have been told they will not be able to use the Treasury reserve to fund public sector pay rises and cannot access it unless there are exceptional circumstances.</p><p>In the run-up to the budget, James Murray, the chief secretary to the Treasury, has written to ministers setting out a decision to clamp down on departments’ access to the reserve.</p> <a href="https://www.theguardian.com/uk-news/2025/oct/08/uk-treasury-tells-ministers-not-to-expect-bailouts-from-its-reserve-fund">Continue reading...</a>