Chancellor Rachel Reeves is set to announce a £2.2 billion increase in defense spending in her Spring Statement, aiming to address economic growth in a volatile global environment marked by the Ukraine war and US tariffs. She will highlight the need for an active government approach to boost both national and economic security, while also revealing welfare cuts. Despite pressure over sluggish economic performance, Reeves insists that the government can improve living standards through its spending and investment strategies, which she describes as a source of national pride in Labour's governance.
Chancellor Rachel Reeves will confirm a £2.2bn increase in defence spending, emphasizing the need for economic growth tied to national security amidst global uncertainties.
Reeves aims to assure citizens of enhanced economic security through increased defence investment, linking national security directly to economic rejuvenation in her Spring Statement.
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