Crossword Genius

Cut back spending (8)

Ross

I believe the answer is:

retrench

'cut back spending' is the definition.
(I've seen this before)

This is the entire clue.

(Other definitions for retrench that I've seen before include "live more economically" , "Introduce economies" , "Cut back (on costs)" , "Cut back, tighten one's belt" , "Cut back spending" .)

I've seen this clue in The Times.
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