Chancellor Rachel Reeves will try to patch up a deep hole in Britain’s public finances this week in a Spring Statement held in the shadow of Donald Trump, as ministers race to secure a deal with the US to avoid punitive tariffs.
Reeves will tell MPs on Wednesday that Britain confronts a “changing world” in which it has to find more money to defend itself. She has warned that “global headwinds such as trade uncertainty” are causing disruption.
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