Close Menu
    Latest Posts

    Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank

    September 26, 2026

    Fed Moves to Tighten Stablecoin Rules With Two New GENIUS Act Proposals

    September 26, 2026

    I’m 77, pay rent and live off Social Security, but I help homeless people. Why are so many people going hungry?

    September 26, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank
    • Fed Moves to Tighten Stablecoin Rules With Two New GENIUS Act Proposals
    • I’m 77, pay rent and live off Social Security, but I help homeless people. Why are so many people going hungry?
    • Stock market news for Sept. 25, 2026
    • Appeals court rules states can regulate sports prediction markets
    • Coupang vs. Shopify: Which Stock Is a Better Buy in 2026?
    • Take on Tomorrow – are AI agents changing the rules of business?
    • Federal Reserve Board – Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
    Facebook X (Twitter) Instagram
    MoneyLister – Smart Investing & Financial NewsMoneyLister – Smart Investing & Financial News
    Saturday, September 26
    • Home
    • Banking
    • Business
    • Crypto
    • Economy
    • Fintech
    • Investing
    • Markets
    • Stocks
    MoneyLister – Smart Investing & Financial NewsMoneyLister – Smart Investing & Financial News
    Home»Business»Reeves must back defence investment plan or be sacked, says Unite union boss | Economic policy
    Business

    Reeves must back defence investment plan or be sacked, says Unite union boss | Economic policy

    AdminBy AdminFebruary 25, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Reeves must back defence investment plan or be sacked, says Unite union boss | Economic policy
    Share
    Facebook Twitter Pinterest Email Copy Link

    The head of Britain’s largest trade union has demanded that Rachel Reeves be sacked as chancellor if the Treasury continues to hold up a multibillion-pound defence investment plan.

    Sharon Graham, the general secretary of Unite, said tens of thousands of jobs were at risk from political dithering and called on ministers to “back British industry” by signing off on future defence contracts.

    Unite union members protested outside Downing Street on Wednesday. Photograph: Graeme Robertson/The Guardian

    “If Rachel Reeves can’t grasp that concept and doesn’t care where things are made then she should go,” Graham said “Actually, you have to have a vision for Britain. You can’t just be in government, you can’t just say today’s a new day.”

    She also called on Keir Starmer “to do what he said he would do” after the prime minister promised in February last year to increase annual spending on the military to 2.5% of GDP by 2027. Subsequently, Starmer promised to increase it further, to 3.5% by 2035, an extra £30bn in real terms, but few new contracts have followed.

    Concerns are most acute for the Leonardo helicopter factory at Yeovil, the sole bidder on a stalled £1bn manufacturing contract. It employs 3,300 people on an average salary of £58,000 a year, and its Italian owner has said it will have to close down unless it is awarded the work before 1 March.

    Adam Dance is the Liberal Democrat MP for Yeovil. Photograph: Graeme Robertson/The Guardian

    Adam Dance, Yeovil’s Liberal Democrat MP, said jobs across the town would be affected if the factory closed. He said a local hotel had told him it would probably have to shut, and the uncertainty was already affecting the local housing market. “Staff don’t want to commit to new purchases,” he said.

    Graham was speaking to the Guardian outside Downing Street where Unite had organised a protest in response to the government’s failure to publish the defence investment plan amid Treasury resistance to its high cost.

    “Labour is supposed to be in for workers in the working class. I’m seeing very little evidence of that,” Graham said. She argued this was a problem not just in terms of creating defence jobs but across the government.

    The defence industrial plan had been expected to be published in the autumn, and then just before Christmas, but has been delayed to March or April. It is intended to set out funding for £67bn of commitments from last summer’s strategic defence review.

    The Treasury has raised concerns about the affordability of the overall package, while the Ministry of Defence has indicated it needs an extra £28bn over the next four years to meet its forecast costs.

    boss defence economic investment Plan Policy Reeves sacked Union Unite
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Admin
    • Website

    Related Posts

    Business

    Take on Tomorrow – are AI agents changing the rules of business?

    September 25, 2026
    Business

    Global bond sell-off deepens amid fears US economy may be running too hot – business live | Business

    September 24, 2026
    Economy

    UK defence contractors to offer 40,000 apprenticeships, placements and jobs | Apprenticeships

    September 24, 2026
    Business

    Qantas nonstop flight from Sydney to New York goes on sale next year

    September 23, 2026
    Business

    Democratic lawmakers push Trump to maintain Chinese auto ban in US

    September 22, 2026
    Business

    Kevin Warsh may be the adult in the room. But can he calm the US economy? | Federal Reserve

    September 19, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank

    September 26, 2026

    Fed Moves to Tighten Stablecoin Rules With Two New GENIUS Act Proposals

    September 26, 2026

    I’m 77, pay rent and live off Social Security, but I help homeless people. Why are so many people going hungry?

    September 26, 2026

    Stock market news for Sept. 25, 2026

    September 26, 2026
    Latest Posts

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About Us

    Welcome to MoneyLister.com — your trusted source for reliable insights in the world of finance, investing, and digital assets.

    At MoneyLister, our mission is simple: to make complex financial topics easy to understand and accessible to everyone. Whether you're a beginner exploring cryptocurrency, an investor tracking the stock market, or a professional staying updated on global business trends, we provide clear, informative, and up-to-date content to help you stay ahead.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank

    September 26, 2026

    Fed Moves to Tighten Stablecoin Rules With Two New GENIUS Act Proposals

    September 26, 2026

    I’m 77, pay rent and live off Social Security, but I help homeless people. Why are so many people going hungry?

    September 26, 2026
    Recent Posts
    • Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Sandy Spring Bank
    • Fed Moves to Tighten Stablecoin Rules With Two New GENIUS Act Proposals
    • I’m 77, pay rent and live off Social Security, but I help homeless people. Why are so many people going hungry?
    • Stock market news for Sept. 25, 2026
    • Appeals court rules states can regulate sports prediction markets
    © 2026 moneylister. Designed by Pro.
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.