"The decision comes amid mounting pressure from military leaders and analysts, who say that the UK needs to accelerate investment to keep pace with global threats, particularly in Europe. Defence chiefs have repeatedly stressed the importance of increasing the budget to meet NATO commitments and modernise the armed forces. Air Chief Marshal Sir Richard Knighton, head of the UK armed forces, has previously warned that "a step change in defence and security is essential to confront the challenges posed by Russia's continued aggression in Ukraine.""
"However, Treasury officials, led by Reeves, are cautious about any further increase in defence spending, citing concerns over the impact on the public finances and other priorities such as health, education, and social welfare. A government spokesperson said, "We are committed to meeting NATO targets and maintaining a strong defence, but we must balance our national security needs with fiscal responsibility." Critics have slammed the decision, arguing that delaying investment could leave the UK ill-prepared for emerging threats, particularly as Russia re-arms and tensions in Eastern Europe remain high."
Chancellor Rachel Reeves rejected calls to increase defence spending despite warnings of a potential £28 billion shortfall over the next few years. Military leaders and analysts warn that accelerated investment is needed to keep pace with global threats, especially in Europe. Defence chiefs say budget increases are necessary to meet NATO commitments and modernise the armed forces. Treasury officials cite concerns about public finances and competing priorities such as health, education, and social welfare. Critics warn that delaying investment could leave the UK ill-prepared as Russia re-arms and tensions in Eastern Europe remain high. The debate over defence funding is set to intensify ahead of the next general election.
Read at London Business News | Londonlovesbusiness.com
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