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Institute For Fiscal Studies × Past year × City A.M. ×

City A.M. • Jun 02, 2025

Starmer’s defence spending will mean ‘chunky’ tax rises, warns IFS

Increasing the budget for national defense by £10-15 billion annually is expected to lead to substantial tax increases, as higher expenditures also coincide with growing costs in h...

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City A.M. • Jun 01, 2025

Reeves’ spending review ‘natural point’ to boost defence -IFS

The forthcoming fiscal assessment offers an opportunity to increase military funding, as analysts highlight that healthcare and defense budgets will be central to the Chancellor’s...

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