Prime Minister Rishi Sunak said on Tuesday he would increase defence spending to 2.5% of GDP to reach 87 billion pounds ($108 billion) a year by 2030. Domestically, Sunak has been under pressure from within his Conservative Party to pledge more defence spending ahead of a national election due later this year. The cost of the commitment would be an additional 4.5 billion pounds by 2028/29, taking defence spending from approximately 73.8 billion pounds to 78.2 billion pounds.
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LONDON (Reuters) - Prime Minister Rishi Sunak said on Tuesday he would increase defence spending to 2.5% of GDP to reach 87 billion pounds ($108 billion) a year by 2030. WHY IT'S IMPORTANT Ukraine has repeatedly called for more Western to support t.
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By Suban Abdulla and Andy Bruce LONDON (Reuters) – Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year’s expected election for Prime Minister Rishi Sunak who has promised to boost growth. Gross domestic product (GDP) contracted by 0.3% in the three months to December, having…