The Corner2d
UK increases defence budget but cuts spending in face of lower growth prospects
The budget watchdog cut GDP forecasts for 2025 to just +1%, down from an initial +2%. In a scenario of greater economic ...
Labour slashes public spending, hands over billions to military in UK Spring Statement
Reeves’ was the most pro-war speech made by any UK politician since World War Two, as she pledged that the Treasury’s coffers ...
Benn supports Labour's defence spending boost while cutting benefits
Hilary Benn has defended Labour's plans for an increase in UK defence spending whilst cutting benefits. The NI Secretary of ...
Cuts needed to fund UK tax hike, says Robison
The finance secretary says her government is facing a "major shortfall" after the chancellor's Spring Statement.
Defense News on MSN11d
EU’s 2030 defense plan pushes for more joint spending at home
The plan for now excludes the U.K., Turkey and the U.S., though officials in Brussels are planning fresh overtures at Britain ...
Spring statement: defence spending boosted as further disability benefit cuts announced – experts react
Like many chancellors, Reeves has resorted to various tricks – such as counting money moved to the defence budget to build tanks and aircraft as capital spending (and therefore exempt from the ...
UK finance minister Reeves trims her spending plans in face of slowing economy
British finance minister Rachel Reeves, facing a weak economy, trimmed her spending plans in a budget update on Wednesday ...
More than 3 million families to be hit by welfare cuts by 2030, government analysis shows
Rachel Reeves's welfare changes are also predicted to leave 3.8 million families better off, but by a lower amount.
Rachel Reeves presents UK budget update: Key takeaways from Chancellor’s Spring Statement 2025
Chancellor Rachel Reeves delivered her budget update to Parliament, focused on economic stability, growth, and investment.