Homelessness organisations, including Crisis and St Mungo’s, have warned Rachel Reeves that crucial services are at risk due to a tax hike in her Budget. They are urging the chancellor to extend a carve-out for the NHS and public sector to those who help vulnerable individuals. The £25bn rise in national insurance contributions could result in a loss of £50-60m annually for frontline homeless services.
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Germany to boost defence spending at faster rate than France or UK
Germany plans to increase its defense spending by over 66% by 2029, reaching €162 billion, as Chancellor Friedrich Merz responds to threats from Russia and the U.S. This includes annual military aid to Ukraine and aims to elevate defense spending to about 3.5% of GDP, surpassing France and the UK, while also implementing significant infrastructure investments and tax breaks to stimulate growth. Need More Context? 🔎
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