UK Treasury offers £100k exit packages amid job cuts

Chancellor Rachel Reeves plans to cut roughly 300 roles from her department by 2030, the Financial Times reported on Monday (2 February). The UK Treasury is reportedly offering officials in the finance ministry up to £100,000 to leave voluntarily amid a wider push to trim administrative spending across Whitehall by 16%. The finance ministry, which employs about 2,100 staff, has already imposed a freeze on external recruitment for many non-essential roles, according to the Financial Times. The voluntary exit packages are calculated as three weeks’ salary for...