Reeves: No Tax Hike for Defense, Smart Spending Plan

0:00On April 16th, UK Chancellor Rachel Reeves just made it clear she ain't keen on jacking up taxes again to fund more defense spending. She's already cranked the tax burden way up in her first two budgets and says she'd rather not go there. But she boasts about delivering the biggest boost to defense cash since the Cold War wrapped up. She pulled that money from the overseas development pod, putting national security first. Now she's pushing for a smart 10-year defense plan, stressing it's all about spending right not just piling on more dough. Reeves is owning those tough calls she made last year to shake things up. This comes after heat from her own party, including Lord Robertson, a former defense secretary and NATO boss who slammed the government for sleepy. Attitudes on military books. He even led their big strategic review on threats and what Britain's got a bill to fight back. Speaking from Washington DC at the IMF summit, Reeves tied it to the Iran mess hiking up barring costs. Government already drops one pound in every 10, just servicing dead, and more would jack that even higher.

1:05She's laser-focused on de-escalating that conflict. To keep prices, rates, and taxes in check helping everyday families and businesses without the blowback.