PREVIEW

UK Treasury Offers £100,000 Payouts to Cut Hundreds of Jobs. The UK Treasury is offering senior officials up to one hundred thousand pounds to leave voluntarily, as part of a plan to shrink the finance ministry's workforce. According to reports, Chancellor Rachel Reeves wants to cut around 300 roles from the Treasury by 2030, reducing staff numbers after years of expansion. The move is part of a wider government push to slash administrative costs across Whitehall by 16%. Officials say the Treasury is currently the largest it has ever been, and that this period of relative economic stability is the right moment to scale back. The voluntary exit scheme will apply across offices in London, Darlington, Norwich, and Edinburgh. However, if not enough staff take the offer, compulsory redundancies could still follow. For now, the message from the Treasury is clear: leaner government is back on the agenda.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT