"My two budgets have both increased taxes substantially. I would prefer not to have to do that again. And on borrowing, well look, we've seen through this conflict [in Iran] the cost of government borrowing increase."
"I think people have seen that I'm willing to make difficult choices and challenge the orthodoxy through what I did last year to realise more money for defence."
"National security always comes first, I'll always do the right thing as chancellor for our country."
"We're not changing that [the pensions triple lock], she added. Her comments on welfare echo those of Wes Streeting, who suggested earlier on Thursday that welfare cuts could be required."
Rachel Reeves emphasized the need for difficult choices to boost defense spending, potentially at the expense of welfare budgets. She expressed a preference against raising taxes or increasing government borrowing, citing the rising costs associated with the Iran conflict and the war in Ukraine. Reeves highlighted the importance of national security and indicated that funding must be allocated appropriately within the government's 10-year defense investment plan. While she did not confirm specific welfare cuts, she acknowledged the necessity of prioritizing national security.
Read at www.theguardian.com
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