Wed, February 19, 2025
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[ Wed, Feb 19th ] - Forbes
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[ Wed, Feb 19th ] - AOL
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[ Wed, Feb 19th ] - Mint
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[ Tue, Feb 18th ] - Reuters
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
[ Tue, Feb 18th ] - Forbes
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[ Tue, Feb 18th ] - Fortune
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[ Tue, Feb 18th ] - Forbes
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[ Tue, Feb 18th ] - ABC
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[ Tue, Feb 18th ] - MSN
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[ Tue, Feb 18th ] - Nairametrics
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[ Tue, Feb 18th ] - Forbes
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[ Tue, Feb 18th ] - Forbes
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[ Tue, Feb 18th ] - Reuters
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Mon, February 17, 2025
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[ Mon, Feb 17th ] - Forbes
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[ Sun, Feb 16th ] - Reuters
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UK's Starmer readies order to raise defence spending, Sunday Times reports


//business-finance.news-articles.net/content/202 .. raise-defence-spending-sunday-times-reports.html
Published in Business and Finance on Sunday, February 16th 2025 at 5:00 GMT by Reuters   Print publication without navigation

  • British Prime Minister Keir Starmer is preparing to overrule his finance minister Rachel Reeves and order more defence spending, after the United States demanded that Europe pays more for its security,

The Sunday Times reported on February 16, 2025, that UK Labour Party leader Keir Starmer is preparing to order an increase in defense spending if his party wins the upcoming general election. This decision comes in response to heightened global security threats, including Russia's invasion of Ukraine and the ongoing conflict in the Middle East. Starmer's plan includes a commitment to raise defense spending to 2.5% of GDP, aligning with NATO's spending targets. This move is part of a broader strategy to strengthen the UK's military capabilities and reassure allies of Britain's commitment to collective defense. The increase would require significant financial reallocations or additional funding, potentially impacting other public spending areas.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/uk/uks-starmer-readies-order-raise-defence-spending-sunday-times-reports-2025-02-16/ ]

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