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Spending Review 2026: Reeves unveils government funding plan
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Spending Review 2026: Reeves unveils government funding plan
Chancellor Rachel Reeves announced her Spending Review this afternoon (11 June), outlining the government’s funding plans for the next few years. She started by unveiling an £11bn increase in defense spending, which would boost funding from 2.3% of GDP to 2.6% by 2027. This was in addition to a £4.5bn spend on munition manufacturing and £600m uplift for security and intelligence agencies. Reeves followed on by announcing a £280m increase on the …
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