U.K. Boosts Defense Spending

This is a U.K. news story, published by CNBC, that relates primarily to Keir Starmer news.

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British Prime Minister Keir Starmer

CNBC

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World

UK put on a war footing with defense overhaul — but is it too little, too late?

Summary

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87% Informative

British Prime Minister Keir Starmer announced overhaul of the U.K. 's defense spending on Monday .

Starmer said the defense spending would rise to 2.5% of GDP by 2027 and set out an "ambition" to increase that to 3% by 2034 .

The amount that NATO members spend on defense is a persistent bugbear for the alliance — and for U.S. President Donald Trump — with some members far exceeding the 2% GDP target.

The spending target of 2.5% of GDP is not so significant an increase as to be genuinely 'transformational' at least.

The boost of several billion pounds a year should probably first be used to fill gaps in ammunition and other weapons stockpiles, infrastructure and logistics.

Deutsche Bank's Sanjay Raja and Shreyas Gopal : "Political and economic trade-offs will be large".

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formal

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English

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