Defence Secretary Grant Shapps has mentioned he needs the brand new NATO goal for defence spending to be 2.5% of gross home product slightly than the present 2%.
Mr Shapps mentioned it might make a “real difference” if the international locations signed as much as the navy alliance met his proposed goal.
He advised Kay Burley on Sky News: “We’re now saying we think that should be 2.5%. We think in a more dangerous world that would make sense.
“I shall be arguing that, and I do know that the prime minister feels strongly about it, after we go to the NATO seventy fifth anniversary summit which is in Washington DC.”
The defence secretary’s intervention comes after Rishi Sunak pledged to increase UK defence spending to 2.5% of GDP by 2030 to tackle the “rising threats” posed by hostile states together with Russia, Iran and China.
Speaking alongside NATO Secretary General Jens Stoltenberg at a press convention in Warsaw yesterday, the prime minister mentioned he deliberate to steadily improve defence spending by the top of the last decade, rising to 2.4% a 12 months till 2027/28 – then hitting 2.5% by 2030/31.
Funding will rise from £64.6bn in 2024 to £78.2bn in 2028, after which bounce to £87bn in 2030/31.
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Content Source: information.sky.com