Cut back spending (8)
I believe the answer is:
retrench
<span class="explanation-format__ClueExplanation">'<span class="explanation-format__original">cut back spending</span>' is the definition.<br/ ><span class="explanation-format__explanation">(I've seen this before)</span><br/ ><br/ >This is the entire clue.<br/ ></span>
(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" .)