The UK may be approaching a significant increase in its defence budget. :United_Kingdom:
Prime Minister Keir Starmer is said to be exploring the possibility of accelerating a strategy to boost military expenditures to 3% of GDP by 2029, which is considerably ahead of the original timeline. In light of escalating global threats, demands from NATO partners, and increasing worries about dependence on the United States, the UK could be on the brink of a new phase in defence funding.
However, this initiative could entail billions in annual costs. So, where will the funding originate? Cuts to foreign aid? Postponed infrastructure projects? Increased borrowing?
Here’s what we currently know about the potential surge in the UK’s defence expenditure and its implications for Britain and its allies.
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