UK to target 3% of GDP for defence spending, to cut aid budget
ReutersFeb 25, 2025 12:49 PM
LONDON, Feb 25 (Reuters) - Britain will aim to spend 3% of its GDP on defence in the next parliament, due to begin in 2029, and will help to fund that increased spending by cutting its aid budget, Prime Minister Keir Starmer said on Tuesday.
Starmer said the aid budget would be reduced from 0.5% of GDP to 0.3% in 2027.
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