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The Swiss pharmaceutical company is a big spender in Washington, D.C. where it expended more than $10.7 million on federal lobbying expenses last year.

Spain was the lowest spender in Nato last year, with spending of 1.2%, according to the alliance's estimates.

"Liverpool have been outside of the top 10 spenders on player signings since 2019, but their model is a classic case of being smarter rather than bigger," says football finance expert Kieran Maguire.

"Liverpool have been outside of the top 10 spenders on player signings since 2019, but their model is a classic case of being smarter rather than bigger," added Maguire.

Reeves and Prime Minister Sir Keir Starmer are fearful of being portrayed as high taxers and high spenders, an image plenty within Labour think has previously cost them dearly at elections.