Rishi Sunak is said to be preparing to cut defence spending in real terms as planned budget hikes are dwarfed by soaring inflation.The allowance for all departments, including the Ministry of Defence (MoD), will rise in line with the 2021 spending review, representing a cash boost, according to reports.
#prime-minister #speculation #departments #interest-rates #rishi-sunak #financial-markets #political-crisis
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