Is a boost to defence spending feasible?

As Rishi Sunak finalises his Spring Statement, how can he resolve the trilemma of an ageing society, no peace dividend and low growth? Meanwhile, there is a broad Tory desire for increased defence spending amid the Russia Ukraine invasion. But from where will this money be taken? ‘This isn’t an easy time for Rishi. If you look at what it is costing us just to service the debt, it’s going up by billions and billions of pounds’ – Kate Andrews. All to be discussed as Katy Balls speaks to Kate Andrews and James Forsyth.