Reiva to submit 2.2 billion pounds in the UK, raising spring costs

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Chancellor Rachel Riviz should increase the cost of defense by the UK by 2.2 billion pounds next year, when she performs with a gloomy spring, in which she claims that her economic plans were undermined by the “changing world”.

Trees It will insist on Wednesday, it provides a “security” for the British people – both in military and economically, but in its speech the deputies will be prevailing the gloomy data on growth, yawning the fiscal hole and the recognition that everything can deteriorate.

Meanwhile, on Tuesday, it appeared that Reivz was unable to convince an independent financial watchman in the UK, it could reduce a pure £ 5 billion from a bill on well -being with a number of reforms, leaving it at eleven o’clock to find savings elsewhere.

In his spring statement, the chancellor will try to put a positive spin on Dark lookInsisting that an additional dose of military expenses of 2.2 billion pounds will increase jobs in British defense companies since April.

Additional funding, which will come from new cuts to the foreign budget and the Treasury Reserve will lead to the UK protection costs to 2.36 percent of GDP in the financial year 2025-26.

Riviz has already stated that in 2027 the military expenses to reach 2.5 percent – an additional £ 6.4 billion – funded by a raid for foreign aid. “As the defense costs increase, I want the whole country to feel benefits too,” she said.

The Chancellor’s appeal to the deputies takes place in the shadow of Donald Trump, whose elections as a US president forced Britain to increase defense costs.

Reivz acknowledged that the Trump Global Trade War will create economic “winds” and further growth.

The Chancellor will publish the forecast for the budgetary responsibility department, which is expected to halve its growth projection of 2025 from 2 percent, which it predicted in October, to 1 percent.

The UK’s fiscal watchman also discovers a hole in state finances about £ 15 billion, created by sluggish growth and higher borrowing costs, which will be laid with a wave of reduction and broader state expenses.

However, ministers’ statements that the prosperity reform package will save £ 5 billion by 2029-30. The problems were first reported by The Times.

Liz Kendal, the secretary of labor and pensions, was forced to make new inclusion at the last minute before the well -being system of about £ 500.

The chancellor, who was forced to find savings elsewhere in Whitehol, including through large cuts in public service, is subjected to conservatives who claim that she oversees the return to “rigor”.

Darren Jones, Chief Secretary of the Treasury, informed 75 ministers on Tuesday Spring statement A plan that is expected to include a reduction of at least £ 5 billion a year from WHITEHALL’s costs later in parliament. It will be on top of savings.

Jones insisted that this is not a “rigor”, noting that the real costs for public services are increasing annually in this parliament and growing from a higher base, after a large injection of cash in the NHS and other spheres in its October budget.

Paul Johnson, Head of the Institute of Fiscal Studies, said that talks about the tough savings “This was overcome in the context that the government announced in October and compared to the claimed plans of the last government.”

Meanwhile, Reiviz fights negative sentiments over the economy. Yougov poll showed that only 16 percent of voters believed that the government was well resorting to the economy. A total of 11 percent positively takes into account the results of Riviz.

On Tuesday, the Chancellor was publicly criticized by a ministerial colleague for taking tickets for the “freebie” for the concert of Sabrin Platnitsky, 24 hours before it announced deep cuts in well -being and state expenses.

Housing Minister Matthew Pennikuk asked what he was thinking about the decision to attend the concert at the VIP scree earlier this month, without paying tickets.

“I personally don’t think it’s appropriate,” LBC Pennikk said. “If I want to go to the O2 concert, I will pay for it. But individual deputies, individual ministers, make their decisions.”

Reivz said she had accepted a VIP -package for “security opinions”, but many of the deputies in privately questioned her opinion at a time when she was deep reduction to the help of illness and disability.

The Chancellor will publish together with the spring statement of the impact of how the program of reduction of well -being affects ordinary voters, and many deputies are afraid of political falls.