Reeves: Nation's defences are stronger with spending boost
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Reeves: Nation's defences are stronger with spending boost
Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes.
The chancellor acknowledges that the OBR has downgraded the UK's growth forecast for 2025 from 2% to 1%, but adds, "it has upgraded growth for next year and every year after that".
Report by Brooksl.
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Chancellor Rachel Reeves will give her Spring statement in the House of Commons this lunchtime, where she is expected to announce welfare cuts and a boost to defence spending. Report by Brooksl. Like..
The chancellor says her Spring budget will include a ÂŁ2.2 billion boost to defence spending. Rachel Reeves adds this has been funded by "reducing what we spend on international development". Report by..
Rachel Reeves says she is "absolutely committed" to spending 2.5% of GDP on defence and will "set out a pathway" to do so "in the proper way". The chancellor adds, "a strong economy depends on strong..