UK to Boost Defense Spending to 2.5% of GDP by 2027
Prime Minister Keir Starmer announces the largest sustained increase in British defense funding since the Cold War, financed by cuts to foreign aid.
- The UK plans to raise defense spending from 2.3% to 2.5% of GDP by 2027, with a long-term goal of reaching 3% after 2029.
- This marks the largest sustained increase in British defense funding since the Cold War, amounting to an additional £13.4 billion annually.
- The increase will be financed by reducing foreign aid from 0.5% to 0.3% of GDP, a decision criticized by organizations like Save the Children as harmful to vulnerable populations.
- Prime Minister Keir Starmer framed the move as essential to counter threats from Russia and strengthen the UK's leadership role within NATO.
- Starmer is set to discuss the UK’s defense strategy and the Ukraine conflict with US President Donald Trump during a visit to Washington this week.