Rachel Reeves gave the grim signal as frantic wrangling continues in Whitehall over how to pay for bolstering the country's military.

The Chancellor has opened the door to painful hikes, saying 'the money's got to come from somewhere'.

Rachel Reeves gave the grim signal as frantic wrangling continues in Whitehall over how to pay for bolstering the country's military.

‘The money has to come from somewhere, and borrowing cannot always be the answer’, the chancellor said

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Rachel Reeves is no iron Chancellor. The UK Chancellor grandly has talked of 'securonomics' and defence industries as an engine of growth.