"The move follows a reported £28 billion shortfall in the current UK defence budget and comes amid growing pressure from NATO allies to boost military capabilities. US President Donald Trump has called for NATO members, including the UK, to spend 5% of GDP on defence. Despite Starmer's announcement at the Munich Security Conference last weekend, Chancellor Rachel Reeves has ruled out additional Ministry of Defence spending this year,"
"even though military leaders are warning about rising threats from Russia. Read more related news: Russia isn't just bending, it is breaking Kremlin spokeswoman Maria Zakharova responded sharply to the news, accusing Starmer of using defence spending for political purposes at home and asserting that President Vladimir Putin is ready for war. The statement underscores Moscow's increasingly aggressive posture as tensions mount in Europe."
Sir Keir Starmer pledged to raise Britain's defence budget to 2.5% of GDP by April 2027 and aims for 3% after the next election. The current UK defence budget reportedly has a £28 billion shortfall, and NATO allies are pressing members to boost military capabilities. US President Donald Trump has urged NATO to spend 5% of GDP on defence. Chancellor Rachel Reeves has ruled out additional Ministry of Defence spending this year despite military warnings about rising threats from Russia. Kremlin spokeswoman Maria Zakharova accused Starmer of using defence spending for domestic political purposes and suggested President Vladimir Putin is ready for war. Analysts warn that the gap between announced ambitions and Treasury approvals could leave Britain vulnerable, forcing a balance between domestic budgets and international commitments.
Read at London Business News | Londonlovesbusiness.com
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