UK Treasury minister declines to set timeline for reaching 2.5% GDP defence spending goal.

The UK Treasury minister has refused to set a timeline for reaching the defence spending target of 2.5% of GDP, citing the pending strategic defence review due in spring. Chancellor Rachel Reeves recently increased the Ministry of Defence's budget by £2.9 billion, but the exact path to meeting the spending goal remains unclear. Labour had promised to outline a pathway to this target in its manifesto.

November 10, 2024
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