UK Chancellor Rachel Reeves announces £3bn increase in defence budget for pay rise, weapon replenishment, healthcare, and housing.

UK Chancellor Rachel Reeves is set to unveil a £3 billion increase in the defence budget, which will fund a pay rise for soldiers and replenish weapon stockpiles affected by donations to Ukraine. The budget, the first under Labour, will also address healthcare and housing needs, with plans to cut hospital waiting lists and create affordable homes. However, it will not meet Conservative demands to raise defence spending to 2.5% of GDP.

October 29, 2024
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