UK to increase defense budget by $6bn
The UK government will boost its defense spending by $6 billion during the next two years in light of the conflict in Ukraine, the office of UK Prime Minister Rishi Sunak said in a statement on Sunday.
According to the statement, the investment in defense will be announced in the 2023 Integrated Review Refresh to be available to read on Monday. Of this money, $3.6 billion will be spent on the defense nuclear enterprise, while the remaining funds will "replenish and bolster our munitions stockpiles to replace items donated to Ukraine," the statement reads.
Rishi Sunak will set out an ambition to ramp up his country’s defense spending to 2.5 per cent of GDP in the longer term from a little over 2 per cent now, the UK prime minister’s office said. At present, the Ministry of Defense budget amounts to $58.4 billion.
General Sir Patrick Sanders, the Chief of the General Staff, warned he may quit unless the kingdom’s Ministry of Defense succeeds in increasing defense spending amid growing security threats, British newspapers reported earlier.
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