Chancellor Rachel Reeves has unveiled her first major spending review, pledging tens of billions in additional funding for public services, including £29 billion a year for the NHS, a £4.5 billion boost to the schools budget, and a rise in defence spending to 2.6% of GDP by 2027. But Reeves stopped short of explaining how the government will actually fund these ambitious commitments, fuelling Tory warnings of looming tax hikes. Shadow chancellor Mel Stride accused her of having “completely lost