Insightful Trader Tips
  • Finances
  • World News
  • Investing
  • Stock
World News

UK announces increase in defense spending and cut in foreign aid ahead of PM Starmer’s meeting with Trump

by February 25, 2025
February 25, 2025

Britain will accelerate an increase to its defense spending, Prime Minister Keir Starmer announced Tuesday, on the eve of a crucial visit to meet US President Donald Trump in Washington.

Starmer said he will raise military spending from 2.3% of Britain’s GDP to 2.5% by 2027, and then again to 2.6% the following year, as a rift opens up between Trump and Europe over the future of the war in Ukraine.

“We must reject any false choice between our allies. Between one side of the Atlantic or the other. That is against our history, country and party,” Starmer told members of parliament. He called Britain’s relationship with America his country’s “most important bilateral alliance,” and said: “This week when I meet President Trump, I will be clear: I want this relationship to go from strength to strength.”

Starmer also set an ambition to hike defense spending to 3% in the next parliament, which will begin in 2029 at the latest, after the next general election. That final target would depend on the fiscal conditions at the time, Starmer said. Trump has urged NATO countries to raise their defense spending to 5% and made clear that the US will not work to maintain Europe’s security in the future.

“This government will begin the biggest sustained increase in defense spending since the end of the Cold War,” Starmer told parliament as he laid out the plans.

The increase will be funded in part through a cut to international development spending, which will now fall from 0.5% of Britain’s GDP to 0.3% in the coming years, Starmer said. “That is not an announcement I am happy to make,” he said, adding the defense increase “can only be funded through hard choices.”

Charities who will be affected by the cuts to international development spending said that they were “shocked” and “stunned” by Starmer’s decision.

WaterAid, a charity focused on providing clean water and water systems to those in need, called the move a “cruel betrayal of people living in poverty globally.”

The CEO of Save The Children UK, Moazzam Malik, said in a statement that the cuts will “make the world a more dangerous place for children now and in the future.”

And the co-CEO of ActionAid UK, a charity working with women and girls living in poverty, called the cuts “reckless,” writing in a statement that “there is no justification for abandoning the world’s most marginalized time and time again to navigate geopolitical developments.”

“This is a political choice — one with devastating consequences,” Hannah Bond said.

Britain’s previous Conservative government set a goal to reach the 2.5% target on defense spending by 2030. After winning a general election last year, Starmer maintained the goal, but refused to set a timeline on when it would be achieved.

“Courage is what our own era now demands of us,” Starmer told MPs as he announced the new timeframe.

This post appeared first on cnn.com
previous post
Skyharbour Commences its 2025 Drilling Campaign with Winter Drilling Program at its Russell Lake Uranium Project, Saskatchewan
next post
As the clock ticks down on the Gaza ceasefire, Israel prepares for more war

Related Posts

‘We have to keep growing:’ Mother of killed...

July 7, 2025

Russian minister dies by suicide hours after getting...

July 7, 2025

Owners of pet lion arrested after it jumped...

July 7, 2025

Eruption of Indonesia’s Mount Lewotobi Laki Laki volcano...

July 7, 2025

‘Mushroom murder’ trial: Jury finds Australian woman deliberately...

July 7, 2025

Suriname parliament elects first female president

July 6, 2025

Israel carries out first strikes against Houthi targets...

July 6, 2025

Wildfires sweep through forests in drought-hit Syrian coast...

July 6, 2025

Calls are mounting to ban Germany’s far-right AfD...

July 6, 2025

Dalai Lama marks his 90th birthday as crowds...

July 6, 2025

Investing

  • FPX Nickel Receives Multi-Year Area-BasedPermit and Commences 2025 Drilling Activities at Baptiste Nickel Project

    July 7, 2025
  • Bringing Art, Youth, and Football Together: Kobo’s Workshop in Kossou

    July 7, 2025
  • Crypto Market Recap: SEC Crypto ETF Guidance Sets Stage for Wave of New Fund Approvals

    July 7, 2025
  • Canadian Investment Regulatory Organization Trade Resumption – STUD

    July 7, 2025
  • Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

    July 7, 2025

Disclaimer: InsightfulTraderTips.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InsightfulTraderTips.com All Rights Reserved.

    Insightful Trader Tips
    • Finances
    • World News
    • Investing
    • Stock
    Insightful Trader Tips
    • Finances
    • World News
    • Investing
    • Stock
    Copyright © 2025 InsightfulTraderTips.com All Rights Reserved.