Bank Of Baku

Britain increases defense spending by nearly $3 bln

Britain increases defense spending by nearly $3 bln
# 26 March 2025 09:34 (UTC +04:00)

An extra £2.2 billion will be spent on the UK's defence over the next year, Rachel Reeves is to announce in her Spring Statement, APA reports citing the Standard.

The chancellor will say the UK must "move quickly in a changing world" to up its defence commitment, when she makes the statement in the Commons on Wednesday.

The extra funding is being put on the table as the Government aims to hike defence spending to 2.5% of the UK's economic output by 2027.

Ms Reeves will insist this plan, set out by the Prime Minister in February, was the "right decision in a more insecure world", adding: "But we have to move quickly in a changing world. And that starts with investment."

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED