UK Defence Plan Reveals £28B Funding Gap; Starmer Commits £15B
The UK has published a 10-year defence investment plan with a £28 billion funding gap over four years. Prime Minister Starmer has pledged £15 billion, leaving £4.7 billion unfunded, with defence spending targeting 2.7% of GDP by 2030.
The UK government has unveiled a 10-year defence investment plan that projects a £28 billion funding shortfall over the next four years. Prime Minister Keir Starmer has committed £15 billion to defence, but £4.7 billion remains unfunded.
According to The Times, UK defence expenditure is expected to reach 2.7% of GDP by 2030. This represents a significant fiscal commitment amid rising geopolitical tensions and marks a notable increase in planned military spending.
Source: First Squawk