Rachel Reeves set to pump extra £2billion into defence spending in bid to boost sluggish UK growth

RACHEL Reeves will pump an extra £2billion into defence spending in a bid to boost sluggish UK growth.

The Chancellor will bolster Armed Forces funding to try to offset gloomy economic forecasts in today’s Spring Statement.

PARachel Reeves being shown a simulator at Rheinmetall BAE Systems Land[/caption] PAThe Chancellor announced the funding lift following a visit to the defence engineering firm[/caption]

Cash will help fit warships with guns that can hit a £1 coin at 1,000 metres and down drones from three miles.