The Zhitong Finance App learned that British Chancellor of the Exchequer John Healy said that the British government will announce a “clear path” to increase defense spending during the expenditure review next spring. In an interview at the Group of Twenty (G20) summit in North Carolina, Healy said, “We will clearly explain for the first time in this spending review how to fulfill NATO's promises to raise defense spending to 3.5% of gross domestic product (GDP) by 2035.” “As part of developing this path, we will also set specific dates to achieve the 3% target.” He added that defense will “take center stage” in next year's spending review.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that British Chancellor of the Exchequer John Healy said that the British government will announce a “clear path” to increase defense spending during the expenditure review next spring. In an interview at the Group of Twenty (G20) summit in North Carolina, Healy said, “We will clearly explain for the first time in this spending review how to fulfill NATO's promises to raise defense spending to 3.5% of gross domestic product (GDP) by 2035.” “As part of developing this path, we will also set specific dates to achieve the 3% target.” He added that defense will “take center stage” in next year's spending review.
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