Reeves to unveil £2.2bn UK defence spending boost in Spring Statement

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Chancellor Rachel Reeves will increase the defense spending in the United Kingdom by 2.2 billion pounds next year because it provides a dark spring statement that will claim that its economic plans have been detonated through a “changing world”.

On Wednesday, Reeves will insist that it provides “security” for the British people – militarily and economically – but its rhetoric towards deputies will be dominated by the bleak growth data, a proven financial aperture and a recognition that things may get worse.

Meanwhile, on Tuesday, Reeves was unable to persuade the Independent International Financial Agency in the United Kingdom, which could reduce a net of 5 billion pounds from the social welfare bill with a series of reforms, leaving it at eleven o’clock to find savings elsewhere.

In her spring statement, the Chancellor will try to put a positive spinning on the dark view, insisting that an additional dose of 2.2 billion pounds of military spending from April will increase jobs in British defense companies.

Additional financing, which will come from new discounts to the aid budget abroad and the Treasury Reserve, will reach defensive spending in the UK to 2.36 percent of GDP in the fiscal year 2025-26.

Reeves has already said that the military expenditures will reach 2.5 percent in 2027 – an additional 6.4 billion pounds – with funding from a raid on the foreign aid budget. “With high defense spending, I want the entire country to feel the benefits as well,” she says.

The counselor’s speech to the deputies is taking place in the shadow of Donald Trump, who forced their election as an American President of Britain to increase defense spending.

Reeves admitted that Trump’s global war will create economic “opposite winds” and increase growth.

The advisor will publish expectations from the budget responsibility office, which is expected to start in half for 2025 out of 2 percent, expected in October approximately 1 percent.

The UK’s Financial Supervision Authority will also unveil a hole in public financial resources of about 15 billion pounds, created through slow growth and high borrowing costs, which Reeves will correct with a wave of cuts to wider governmental spending and spending.

However, the ministers ’claims that a group of social welfare reforms will save 5 billion pounds by 2029-30 rejected by OBR as unrealistic in recent days. The problems were first reported by the Times.

Liz Kendall, Minister of Labor and Pensions, was forced to make new discounts at the last minute to the luxury system of about 500 million pounds, but this still leaves clear savings for OBR only 3.4 billion pounds, according to the governmental informed.

The counselor, who was forced to find savings elsewhere in Whiteon, including through large discounts to civil service, is equipped by conservatives who claim to oversee a return to “austerity”.

Darren Jones, the main secretary of the Treasury Department, briefed on Tuesday 75 of the ministers in the Spring Statement Plan, which is expected to include at least 5 billion pounds annually from the total spending in Whiteon later in parliament. This will be at the top of the welfare savings.

Jones insisted that this was not “austerity”, noting that real spending on public services will rise every year in this parliament and was growing from a higher base, in the wake of Rivs’s great injection of cash in NHS and other areas in its budget in October.

Paul Johnson, head of the Institute of Financial Studies, said that talking about austerity “is exaggerated in the context of what the government announced in October and compared the declared plans for the last government.”

Meanwhile, Reeves fights negative feelings because of its dealings with the economy. Yougov poll found that only 16 percent of voters believe that the government is dealing with the economy well. Only 11 percent have a positive vision of Reeves’s performance.

On Tuesday, the counselor was publicly criticized by a ministerial colleague to take the “promotional gift” tickets to the Sabrina Najjar party, 24 hours before the announcement of deep luxury and public spending discounts.

Housing Minister Matthew Benikok was asked about the opinion of Reeves’s decision to attend the ceremony in the VIP fund earlier this month without paying the price of tickets.

“I don’t think it’s personally appropriate,” Benikok told LBC. “If I want to go to a promise in O2, I will pay for it. But individual deputies, individual ministers make their own decisions.”

Reeves said she had accepted a VIP package for security reasons, “but many Labor Party representatives questioned her rule at a time when she was doing deep discounts on the advantages of disease and disability.

The advisor, along with the spring statement, will publish an assessment of how luxury discounts affect ordinary voters, as many Labor Party representatives are afraid of political repercussions.