UK govt pledges to keep grip on spending ahead of budget

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Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech. "We must bring inflation and borrowing costs down by keeping a tight grip on day to day spending through our non-negotiable fiscal rules," Reeves said in a statement.

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