Rishi Sunak Britain Spending

Britain will gradually boost its defence spending to 2.5 percent of GDP by 2030, Prime Minister Rishi Sunak announced during a visit to Poland on Tuesday.

Britain will on Thursday hike taxes and slash public spending in a government budget signalling a return to austerity despite millions suffering a cost-of-living crisis in an economy facing recession.

Britain will spend $ 4.2 billion on five new Navy ships to bolster security "in the face of increased Russian threats", Prime Minister Rishi Sunak said Tuesday.

Britain's Prime Minister-elect Liz Truss will spend Monday putting finishing touches to her new Cabinet after being elected Conservative Party leader and is expected to unleash a complete shake up of outgoing leader Boris Johnson's top team.

British finance minister Rishi Sunak said there would be no return to austerity in a spending plan he will announce on Wednesday, even as the coronavirus crisis pushes Britain's further above 2 trillion pounds ($2.7 trillion).

Britain will gradually boost its defence spending to 2.5 percent of GDP by 2030, Prime Minister Rishi Sunak announced during a visit to Poland on Tuesday.

Britain will on Thursday hike taxes and slash public spending in a government budget signalling a return to austerity despite millions suffering a cost-of-living crisis in an economy facing recession.

Britain will spend $ 4.2 billion on five new Navy ships to bolster security "in the face of increased Russian threats", Prime Minister Rishi Sunak said Tuesday.

Britain's Prime Minister-elect Liz Truss will spend Monday putting finishing touches to her new Cabinet after being elected Conservative Party leader and is expected to unleash a complete shake up of outgoing leader Boris Johnson's top team.

British finance minister Rishi Sunak said there would be no return to austerity in a spending plan he will announce on Wednesday, even as the coronavirus crisis pushes Britain's further above 2 trillion pounds ($2.7 trillion).