Chancellor vows to spend 2.7% of GDP by 2027 to turn Britain into a ‘defence industrial superpower’New money for drones and laser weapons to “revolutionise” Britain’s armed forces has been announced by Rachel Reeves as part of a £2.2bn rise in defence spending.Vowing to turn the UK into “a defence industrial superpower”, the chancellor used her spring statement to unveil plans aimed at boosting arms exports and reaching a target of spending 2.7% of GDP on the sector by 2027. Continue reading...