UK Budget Delays Defence Spending Hike, Tax and Welfare Reforms to 2027 Review

Chancellor John Healey's maiden Budget is expected to omit firm plans for raising defence spending to 3% of GDP by 2030, along with tax and welfare reforms, deferring decisions to a 2027 Spending Review. This follows his earlier resignation over the Treasury's refusal to commit to the defence target, signaling a reversal of his stated position. The delay creates fiscal uncertainty around UK military commitments and domestic reform timelines.

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