UK Defence Spending To Hit 2.5% of GDP By 2027 | World Business Watch | WION News

Share

UK Defence Spending To Hit 2.5% of GDP By 2027 | World Business Watch | WION News

Ahead of the Washington visit, British Prime Minister Keir Starmer has pledged to increase the UK’s defence spending to 2.5% of GDP by 2027, with a long-term goal of reaching 3% in the next parliament. The UK currently spends 2.3% of GDP on defence, and this move marks the largest sustained military budget increase since the Cold War. Starmer outlined that the rise will be funded by reducing overseas development aid from 0.5 to 0.3 percent of GDP, a decision that signals a shift in government priorities toward military modernization and nato commitments.

#unitedkingdom #gdp #defence

About Channel:

WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.

Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Join our WhatsApp Channel: https://bit.ly/455YOQ0
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Instagram: https://www.instagram.com/wionews/
Follow us on Google News for the latest updates

Zee News:- https://bit.ly/2Ac5G60
Zee Business:- https://bit.ly/36vI2xa
DNA India:- https://bit.ly/2ZDuLRY
WION: https://bit.ly/3gnDb5J
Zee News Apps: https://bit.ly/ZeeNewsApps