Finance minister George Osborne is set to announce departmental budget cuts in a spending review next week, and the interior ministry, which oversees policing, is in line for what are expected to be sizeable reductions.
"It will make Britain more vulnerable to terrorism. It will damage the police's ability to counter terrorism if neighbourhood policing is cut," said Robert Quick, head of counter-terrorism between 2008 and 2009, Britain's Guardian newspaper reported.
Other government departments have already agreed spending reductions, but negotiations with the interior ministry are still ongoing, highlighting significant pushback from officials and lawmakers after last week's attacks in Paris.
Opposition leader Jeremy Corbyn, head of the Labour party, called on Prime Minister David Cameron to limit cuts to the police budget to five percent, down from an expected 25 percent.
The number of police community support officers (PCSOs), who have more limited powers than regular officers, is also set to be reduced as part of the cuts.
"It is those patrolling PCSOs who get to know the communities who work with the communities, this is policing with communities not at communities."
On Tuesday current Metropolitan Police Commissioner Bernard Hogan-Howe, who oversees London policing, said he was considering boosting the number of armed police officers patrolling the capital's streets.
He expects to have to cut 5,000 officers from his overall force of 32,000 to cope with Osborne's austerity cuts next week.
Britain has beefed up the number of police patrolling ports, transport hubs and other busy public spaces after gun and bomb attacks killed 129 people in Paris on Friday.
Cuts in police numbers in France under former president Nicolas Sarkozy have come under criticism.
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