“WAR FOOTING”: UK TO BOOST DEFENSE SPENDING TO 2.5% BY 2030, SAYS PM SUNAK

Wed 24 April 2024:

British Prime Minister Rishi Sunak said on Tuesday that he has fully funded plans to increase defense spending every year to 2.5% of the country’s gross domestic product by 2030.

At a news conference with NATO Secretary-General Jens Stoltenberg at a military base in Poland, Sunak declared Britain’s commitment to bolstering national defense in the face of “growing threats from Russia, Iran, North Korea, and China.”

“National security is our first duty. The danger they pose is not new, but their collaboration and attempts to reshape the world order demand a robust response,” he said.

Sunak also said that over the next six years, an additional £75 billion (nearly $93 billion) will be invested in defense, marking what he described as “the biggest strengthening of our national defense for a generation.”

Key priorities under the initiative were outlined by Sunak, emphasizing readiness, innovation, and international solidarity.

He asserted that the country would undergo a shift to “war footing,” recognizing the need for deeper stockpiles of munitions and increased production capacity.

To this end, £10 billion in munitions support will be provided to industry, ensuring certainty in long-term funding and readiness to respond to emergent threats, said Sunak.

Sunak also highlighted the importance of prioritizing innovation and new technology to maintain a strategic advantage on an evolving battlefield.

He reaffirmed Britain’s commitment to supporting Ukraine, stressing that failure to do so would have far-reaching consequences.

Sunak underscored the need to stand with allies in times of crisis, asserting that the costs “of failing to support Ukraine now will be far greater than the costs of repelling Putin.”

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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