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Chancellor say more taxes may be needed to pay for defence

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Wednesday, 10 June, 2026
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Screenshot of The Times Headline 10 June 2026

On Wednesday, it was reported that Chancellor Rachel Reeves was considering tax rises to fund defence and later that day, Keir Starmer refused to rule it out when asked at PMQs by Kemi Badenoch.

Commenting on this report, Richard Fuller, Shadow Chief Secretary to the Treasury said:

Welfare and debt interest costs are soaring as a result of the policies of Chancellor Rachel Reeves - adding to the pressures on the economy from the conflict in the Middle East.

She has been dragging her feet over the Defence Investment Plan (or “DIP”), leaving our defence sector scratching their heads about where to invest and our country further exposed.

Now the Chancellor seems to be saying she has run out of your - the taxpayers’ - money AGAIN. So she is coming back to raise taxes AGAIN.

This Labour government will happily dole out money on benefits but won’t fund our defence. Talk about having the wrong priorities!

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Richard recently visited Unisnacks which imports and distributes snack foods and beverages.Richard Fuller MP said:From 400sq ft to a 62,000sq ft global food hub, Unisnacks is a great local success story, built from the ground up by entrepreneur Hyder Haniffa.They now supply 26 world‑food brands to m

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Richard Fuller MP for North Bedfordshire

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