Britain will finally meet its promise to hike defence spending by 2030, Rishi Sunak has announced, as he put the industry on a new ‘war footing’.
Mr Sunak used his trip to Poland and Germany to confirm a long-awaited timetable to finally hike defence spending, and that the world is at its most dangerous since the Cold.Ministers will spend 2.5 per cent of GDP within the next six years to make us stronger “at home and abroad”, he said, describing it as the biggest strengthening of defence in a generation.
“That is why today I am announcing the biggest strengthening of our national defence for a generation.“We will increase defence spending to a new baseline of 2.5% of GDP by 2030 – a plan that delivers an additional £75 billion for defence by the end of the decade and secures our place as by far the largest defence power in Europe.“Today is a turning point for European security and a landmark moment in the defence of the United Kingdom.
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