Chancellor Rachel Reeves is to boost the UK’s defence spending by ￡2.2bn next year as she delivers a grim Spring Statement in which she will claim that her economic plans have been blown off course by “a changing world”.
Reeves will insist on Wednesday she is providing “security” for the British people — both militarily and economically — but her speech to MPs will be dominated by dismal growth data, a yawning fiscal hole and an admission that things could get even worse.
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