London will increase defense spending to 2.5% of GDP by 2030 over six years, the British authorities will invest an additional 75 billion pounds in the military-industrial complex
Prime Minister Rishi Sunak said on Tuesday he would put the British defence industry on a war footing, announcing 10 billion pounds of extra long-term funding for munitions in light of the war in Ukraine.
"We will put the UK's own defence industry on a war footing. One of the central lessons of the war in Ukraine is that we need deeper stockpiles of munitions and for industry to be able to replenish them more quickly," Sunak said at a press conference in Poland alongside NATO Secretary General Jens Stoltenberg.
“London will increase defense spending to 2.5% of GDP by 2030: over six years, the British authorities will invest an additional 75 billion pounds in the military-industrial complex”
Earlier Sunak had warned of the increasing threat to global security but added: "We must not overstate the danger. We're not on the brink of war, and nor do we seek it."
Source: Reuters
"We will put the UK's own defence industry on a war footing. One of the central lessons of the war in Ukraine is that we need deeper stockpiles of munitions and for industry to be able to replenish them more quickly," Sunak said at a press conference in Poland alongside NATO Secretary General Jens Stoltenberg.
“London will increase defense spending to 2.5% of GDP by 2030: over six years, the British authorities will invest an additional 75 billion pounds in the military-industrial complex”
Earlier Sunak had warned of the increasing threat to global security but added: "We must not overstate the danger. We're not on the brink of war, and nor do we seek it."
Source: Reuters
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