The UK Government has said its Spending Review plans will deliver £52bn for Scotland in the coming years. Chancellor Rachel Reeves set out plans for increased spending in Scotland on defence, ...

The UK economy is set for a “daunting” year as the Office for Budget Responsibility (OBR) has warned unfunded spending commitments and global trade tensions are likely to damage public finances.

The government has already announced that defense spending is set to rise from 2.3% of gross domestic product (GDP) to 2.5% by 2027, with the boost funded partly by cuts to the overseas aid budget.

Britain has held periodic government spending reviews since 1998, but this is the first since 2015 to cover multiple years, other than one in 2021 focused on the COVID pandemic.

LONDON, UK – June 11, 2025 – The government confirmed today it will cut Official Development Assistance (ODA) spending from 0.5% to 0.3% of Gross National Income (GNI). Projections for the cost of ...

British engineering company Babcock upgraded its medium-term operating margin guidance on Wednesday, and said it expects to benefit from more UK government spending on defence and energy security ...

Torn between growing geopolitical tensions and constrained public finances, Britain's finance minister Rachel Reeves is set to unveil feared trade-offs in a government spending review on Wednesday.