#defence-spending

#defence-spending

To lower the cost of defence and transport spending, the UK Government is considering reducing tax reliefs, particularly on pensions and inheritance tax, as suggested by tax experts.

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"Defence tech startups need a clear pathway from proof of value to adoption," she said.

Even before recent tariff announcements, the spring statement felt like a stopgap. If the government is serious about increasing defence spending or supporting struggling departments, it will either have to raise taxes or bend the rules.