Published by Michele Maatouk on 17th April 2026
(Sharecast News) - Rachel Reeves has warned "difficult choices" are required to increase defence spending and other budgets may have to be cut, including welfare. Under pressure for a faster rise in the military budget amid the Iran conflict and Russia's war in Ukraine, the chancellor said she was "working through a range of options" but preferred not to increase taxes or add to government borrowing. - Guardian