The British government announced on Wednesday hundreds of billions of pounds in spending on defense, health care and investment in infrastructure and housing, as it laid out its economic priorities for the next few years. Rachel Reeves, the chancellor of the Exchequer, presented a breakdown of the public finances in Parliament, detailing how much money each government department will have to spend until 2029, around the time of the next general election. It brings to an end months of tense negotiations between Ms. Reeves and other ministers as she seeks to balance competing priorities and navigate economic challenges at home and abroad. “We are renewing Britain,” Ms. Reeves told lawmakers. “But I know that too many people in too many parts of our country are yet to feel it.”
