US EditionWhen is the spring statement - and what do you need to know about it?
- An extra £2.2 billion will be allocated for UK defence in the next year, as announced by Chancellor Rachel Reeves during the spring statement.
- The funding will support new technologies like directed energy weapons and upgrade military facilities, according to the Treasury.
- Defence Secretary John Healey stated that increased funding is crucial for national and economic security amid global insecurities.
- Calls for a wealth tax to cover the UK's £22 billion fiscal gap are growing, but Chancellor Reeves has ruled out such plans, asserting there's no need for a wealth tax.
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26 Articles
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Evening Standard+2 Reposted by 2 other sources
Reeves to announce extra £2.2bn defence spending in spring statement
On Wednesday, the Chancellor is expected to say the UK ‘must move quickly in a changing world’.
·London, United Kingdom
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Total News Sources26
Leaning Left8Leaning Right3Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 25%
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