British Prime Minister Keir Starmer has announced a significant shift in budget allocations, proposing a 40% cut to foreign aid to boost defense spending in response to global threats, notably the war in Ukraine. With plans to increase defense spending to 2.5% of GDP by 2027, and aiming for 3% post-2029 general election, this decision marks the largest defense budget increase since the Cold War. Starmer emphasized the need to safeguard national security and stimulate economic growth through enhanced military investment, acknowledging the evolving international landscape and potential geopolitical risks.
Starmer stated, 'It is my first duty as prime minister to keep our country safe... increasing the resilience of our country... is vital.'
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