India  

Chancellor increases defence spending to 2.5% of GDP

Video Credit: ODN - Duration: 00:39s - Published
Chancellor increases defence spending to 2.5% of GDP

Chancellor increases defence spending to 2.5% of GDP

Rachel Reeves has announced that defence spending will increase to 2.5% of GDP because we are "living in an uncertain world".

The chancellor adds that another £2.2bn will be provided for the Ministry of Defence in the next financial year.

Report by Brooksl.

Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn


You Might Like


💡 newsR Knowledge: Other News Mentions

Rachel Reeves Rachel Reeves British politician (born 1979)

Chancellor insists her ‘key focus’ is productivity in budget [Video]

Chancellor insists her ‘key focus’ is productivity in budget

Chancellor Rachel Reeves refuses to be drawn on tax plans ahead of the autumn budget but insists her “key focus” is to “boost productivity and growth”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:28Published
Chancellor welcomes ‘encouraging’ GDP figures [Video]

Chancellor welcomes ‘encouraging’ GDP figures

Chancellor Rachel Reeves welcomes the latest ONS GDP figures which show the UK economy grew by 0.3% between April and June, describing them as “encouraging numbers”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:47Published
Chancellor meets NI leaders at Stormont [Video]

Chancellor meets NI leaders at Stormont

Chancellor of the Exchequer Rachel Reeves arrives at Stormont for talks with Northern Ireland Deputy First Minister Emma Little-Pengelly and Finance Minister John O'Dowd. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:00Published
Reeves highlights job growth since becoming chancellor [Video]

Reeves highlights job growth since becoming chancellor

Chancellor Rachel Reeves shares positive news from the labour market data released today, noting 384,000 more jobs since she took office despite a slight unemployment increase. She acknowledges more work is needed to get everyone who can work back into employment. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:58Published
Reeves highlights NI investment on Belfast visit [Video]

Reeves highlights NI investment on Belfast visit

On a visit to Belfast, Chancellor Rachel Reeves emphasised significant investment in Northern Ireland as part of the government’s commitment to balanced economic growth across the UK. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:47Published

Facebook Facebook Social networking service owned by Meta Platforms

London landmarks lit up on VJ Day anniversary [Video]

London landmarks lit up on VJ Day anniversary

A number of public buildings around the UK lit up on Friday evening to mark 80th anniversary of VJ Day. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:02Published
Ed Davey 'sceptical' about Putin-Trump talks [Video]

Ed Davey 'sceptical' about Putin-Trump talks

Sir Ed Davey said he is "sceptical" about Donald Trump's ability to bring peace to Ukraine. "The problem is Ukraine is not up on the table, you can't have another country negotiating for another country," Mr Davey added. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:38Published
Europe holds breath as Trump and Putin meet in Alaska [Video]

Europe holds breath as Trump and Putin meet in Alaska

US President Donald Trump welcomes his Russian counterpart Vladimir Putin to Alaska on Friday for talks aiming to bring about a ceasefire and ultimately an end to the war between Russia and Ukraine. Noticeably absent from the meeting in Anchorage is Ukraine’s president Volodymyr Zelenskyy. However, Europe’s leaders have expressed cautious optimism about the prospect of a truce. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 02:30Published
King and Queen observe flypast at VJ Day memorial event [Video]

King and Queen observe flypast at VJ Day memorial event

The King and Queen observed a flypast at the National Memorial Arboretum in Staffordshire as they commemorated the 80th anniversary of VJ Day. Sir Keir Starmer and wife Victoria also watched as the RAF's aerobatics team flew overhead. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:57Published
Shadow defence secretary speaks out ahead of Ukraine talks [Video]

Shadow defence secretary speaks out ahead of Ukraine talks

Shadow defence secretary James Cartlidge said it is "incredibly important" that Ukraine is at the heart of any negotiations held regarding the Ukraine war. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:49Published

Related videos from verified sources

Reeves shown first AI-powered strike drone [Video]

Reeves shown first AI-powered strike drone

Rachel Reeves has visited Wellington Barracks in central London after announcing in her Spring Statement that defence spending will increase by 2.5% in GDP. The chancellor and the defence secretary..

Credit: ODN     Duration: 01:10Published
Reeves: Nation's defences are stronger with spending boost [Video]

Reeves: Nation's defences are stronger with spending boost

Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes. The chancellor acknowledges that the OBR..

Credit: ODN     Duration: 01:34Published
Chancellor leaves Downing Street to deliver Spring statement [Video]

Chancellor leaves Downing Street to deliver Spring statement

The chancellor has left Downing Street for the House of Commons where she will deliver her Spring statement. Rachel Reeves, who enjoyed seeing inflation fall to 2.8% this morning, is expected to..

Credit: ODN     Duration: 00:50Published