Prime Minister Keir Starmer outlined plans for a dramatic increase in UK defense spending — rising to 3% of economic output over the next decade — as European governments seek to bolster their security amid doubts over US support under Donald Trump.
Starmer announced what he called “the biggest sustained increase in defense spending since the end of the Cold War” in the House of Commons on Tuesday as he prepares for a visit to Washington later in the week. The government will pay for the initial hikes by cutting overseas development spending and won’t raise taxes or borrow more, he said.
Author: Bloomberg Television
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News post in February 26, 2025, 12:05 pm.
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