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Reeves’ £2billion boost to defence as benefits suffer
Scottish Daily Express
|March 26, 2025
CHANCELLOR Rachel Reeves will promise a £2.2billion boost to the defence budget today in a new attempt to kickstart economic growth.
The announcement comes as she delivers her spring statement in which she warns that the UK has to “move quickly in a changing world”.
The funding will be invested in advanced technologies including fitting Royal Navy ships with state-of-the-art Directed Energy Weapons.
Ms Reeves is under intense pressure to get the economy growing amid a bleak backdrop of gloomy forecasts, including from the Bank of England.
The Treasury’s OBR watchdog is expected to follow the Bank’s example by halving economic forecasts for this year.
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