UK to increase defence spending to 2.5% of GDP meaning tens of billions of pounds of extra funding

News Snapshot:

The UK will increase defence spending to 2.5% of national income by 2030, the prime minister is expected to announce in a hardening of military policy at a time of growing threats. The expected rise is less ambitious than some insiders say is needed - but it will mean tens of billions of additional pounds for the armed forces over the next six years. Rishi Sunak had previously said any extra investment would only happen when economic conditions allow. That caveat looks set to be removed. The UK move comes at a time of escalating threats to global security posed...