The world has changed, but the urgency of building a clean and resilient UK hasn't

Rachel Reeves delivered her Spring Statement on 26 March, laying out her plans to adjust policy to meet her fiscal targets in a changing world. Daisy Jameson and Esin Serin argue that the Statement involved avoidable trade-offs – including cuts to international climate spending – resulting in part from sticking rigidly to self-imposed fiscal rules despite new geopolitical realities. Going forward, the increased focus on defence should not come at the expense of urgent investment in clean energy and resilience at home or abroad.