The British Labor Party government said that thousands of credit cards issued by the government, and represent hundreds of millions of pounds of spending, will be frozen this week, in an attempt to reform the exhausted public finances.
In light of the expectations of slowing down and in compliance with financial rules that limit daily borrowing, the ministers seek to reduce budgets as much as possible, and it is expected to make wide discounts in the social security system, today, Tuesday, before the issuance of a financial update on March 26.
The Cabinet Office said in a statement, late yesterday, Monday, that the decision to freeze nearly 20 thousand “government purchases card” comes within the framework of efforts to limit excessive spending.
The Cabinet Office indicates that spending on government credit cards has doubled more than 4 times since the fiscal year 2020-2021 to more than 675 million pounds (876.83 million dollars) in 2024-2025 after it was about 155 million (201.34 million dollars).
Only a few employees, including diplomats working in the crisis areas, will be excluded from this decision, and the frozen cards will be re -specialized for those who can justify his need for them, otherwise it will be canceled by the end of the month. The procedure aims to reduce the number of cards circulating by at least 50%.
