Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • How MLB playoff races look going into final month of season
    • Upcoming ‘upgrade’ to Holocaust Museum exhibit on US response to Nazi Germany sparks some staff concerns: Sources
    • 6G Wireless Will Use Aerial Base Stations
    • 100-Year-Old Man Breaks World Record for ‘Longest Career in the Same Company,’ Shares Life Lesson
    • Fewer Americans are reading for fun, study finds – is screen time displacing books everywhere?
    • ‘Stop killing women’: Australian mother vows to be voice for slain daughter | Crime News
    • Former MVP faces battle to remain in the NBA
    • Contributor: L.A. needs transparency on short-term rentals to crack down on tax evasion
    Prime US News
    • Home
    • World News
    • Latest News
    • US News
    • Sports
    • Politics
    • Opinions
    • More
      • Tech News
      • Trending News
      • World Economy
    Prime US News
    Home»Latest News»UK to hike defence spending and cut aid budget, Starmer says | Business and Economy News
    Latest News

    UK to hike defence spending and cut aid budget, Starmer says | Business and Economy News

    Team_Prime US NewsBy Team_Prime US NewsFebruary 25, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    British prime minister Keir Starmer’s announcement comes previous to his journey to america later this week.

    The UK will enhance its annual defending spending to 2.5 % of GDP by 2027, Prime Minister Keir Starmer has mentioned, signalling the UK’s efforts to spice up Europe’s security.

    On the eve of his departure to fulfill US President Donald Trump in Washington, Starmer informed the British parliament on Tuesday that he was bringing ahead the rise to supply Europe extra help as america spearheads talks with Russia over its struggle in Ukraine.

    He famous that the rise would see the UK spending 13.4 billion kilos ($17bn) extra on defence yearly from 2027. The UK’s Ministry of Defence famous that the nation spent 53.9 billion kilos ($68.3bn) within the 2023-2024 monetary 12 months.

    “We should go additional nonetheless. I’ve lengthy argued that … all European allies should step up and do extra for our personal defence,” Starmer added.

    He mentioned that the hike in defence spending can be paid for by a 40 % reduce to the nation’s worldwide support spending.

    The worldwide support price range will probably be reduce from 0.5 % to 0.3 % of gross home product (GDP) in 2027, Starmer mentioned.

    The British prime minister mentioned he was not happy to announce a reduce within the nation’s support price range however mentioned the transfer was vital to supply Ukraine and Europe help in a “new period”.

    The UK final reduce its support price range in November 2020, throughout the financial disaster ensuing from the COVID pandemic, lowering the extent to 0.5 % of GDP from 0.7 % beforehand.

    Starmer will meet Trump later this week and is keen to convey that the UK will attempt to lead different European international locations in providing extra help to the US-led army NATO alliance – a requirement Trump has repeatedly made, suggesting nations ought to spend 5 % of GDP.

    He’s additionally hoping to reassure Trump that Europe will provide help and safety ensures to Kyiv if peace talks with Russia are profitable.

    On Monday, French President Emmanuel Macron met Trump with the identical aim in thoughts.

    “I’m right here as properly after discussions with all my colleagues, to say that Europe is prepared to step as much as be a stronger associate, to do extra in defence and safety for its continent, and … to be engaged on commerce, economic system and investments,” Macron informed reporters in Washington.

    Trump’s push to launch negotiations between senior US and Russian diplomats with out the participation of Ukrainian or European leaders has raised tensions, with Europe questioning Washington’s dedication to its safety.

    Trump, who took workplace on January 20, mentioned on Monday that “numerous progress has been made” to this point on efforts to finish Russia’s struggle in Ukraine.

    At a information convention with Macron later within the day on Monday, the US president mentioned he was “happy that President Macron agrees that the associated fee and burden of securing the peace should be borne by the nations of Europe, not alone by america”.

    “Europe should take that central position in making certain long-term safety of Ukraine, which they wish to do.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFalcons reporter addresses Kyle Pitts trade rumors
    Next Article Adobe brings free Photoshop app to phones, courting younger users
    Team_Prime US News
    • Website

    Related Posts

    Latest News

    ‘Stop killing women’: Australian mother vows to be voice for slain daughter | Crime News

    August 30, 2025
    Latest News

    Real Madrid vs Mallorca: La Liga – teams, start, kickoff, lineups | Football News

    August 29, 2025
    Latest News

    Trump seeks to cut $5bn in congressionally approved foreign aid | Donald Trump News

    August 29, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Most Popular

    Lakers receive Luka Doncic injury scare

    August 17, 2025

    Chinese researchers charged with smuggling fungus into US

    June 4, 2025

    Trump pledges to deport ‘Hamas sympathisers’ on college campuses | Donald Trump News

    January 30, 2025
    Our Picks

    How MLB playoff races look going into final month of season

    August 30, 2025

    Upcoming ‘upgrade’ to Holocaust Museum exhibit on US response to Nazi Germany sparks some staff concerns: Sources

    August 30, 2025

    6G Wireless Will Use Aerial Base Stations

    August 30, 2025
    Categories
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • US News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Primeusnews.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.