British prime minister Keir Starmer set out plans for defence spending to reach 2.7% of gross domestic product in 2027.
The UK is cutting its foreign aid budget to 0.3% of gross national income in 2027 to fund a significant increase in defence spending, aiming to reach 2.7% of GDP in 2027 and potentially 3% in the next parliament. This increase, totaling £13.4 billion annually from 2027, is driven by concerns over Vladimir Putin and uncertainty regarding US commitment to European security.
