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Labour clash over how to pay for £15bn military plan
Downing Street has not named the projects to be cut, and officials said 1% of major spending will be trimmed to help fund the plan.
- Sir Keir Starmer announced a £15 billion defence spending increase, yet ministers admitted the funding plan remains unverified, leaving incoming Andy Burnham facing a potential £15 billion fiscal black hole.
- Departments must slash 1 per cent of spending on major projects to secure £10.3 billion, though Whitehall provided scant detail on these cuts, leaving £4.7 billion to be determined at the Autumn Budget.
- Chancellor Rachel Reeves warned against further borrowing, stating "A Britain spending beyond its means is a weak Britain," as ministers navigate fiscal pressures from the war in Iran.
- The Treasury will brief Burnham in the coming days regarding the economic situation, noting the war in Iran dealt only a modest blow to the £23.6 billion headroom built during the last Budget.
- A senior government figure said "The fiscal forecasts are not as bad as people expected three months ago," suggesting tax hikes may not be inevitable for Burnham's spending plans.
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No10 Takes Control of Transport Project Cancellation to Pay for Starmer's DIP
Ministers have not been able to bring themselves to own the cancellation of transport infrastructure projects to pay for defence. Cut welfare not roads… Labour minister Hamish Falconer even tweeted his criticism of the scheme’s cancellation. It wasn’t the only one to be cancelled… The £297 million A46 Newark Bypass scheme was cancelled this week.…
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Rother Radio - Rotherham & Sheffield's Best Variety of Hits!Defence funding plan faces fresh scrutiny over where cuts will be made
The Prime Minister unveiled the defence investment plan (Dip) on Tuesday, with a promise to increase defence spending by £15 billion.
·London, United Kingdom
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Total News Sources7
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
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