Just a moment...

Report
FeedbackReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /

UK seeks to send message to Moscow as it outlines higher defence spending

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....K seeks to send message to Moscow as it outlines higher defence spending<BR>PTI News<BR>Dated:- 1-6-2025<BR>PTI<BR>London, Jun 1 (AP) The UK is about to see the biggest increase in defense spending since the end of the Cold War as it seeks to send "a message to Moscow", the British defence secretary said on Sunday. John Healey said the Labour government's current plans for defense spending will b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e enough to transform the country's military following decades of retrenchment, though he does not expect the number of soldiers — currently at a historic low — to rise until the early 2030s. He said plans for defence spending to hit 2.5 per cent of national income by 2027, which amounts to an extra 13 billion pounds (USD 17 billion) or so a year, were “on track” and that there was “no ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....doubt” it would hit 3 per cent in the next parliament in the early 2030s. The government will on Monday respond to a strategic defence review, overseen by Healey and led by Lord George Robertson, a former NATO secretary general and defence secretary in a previous Labour government. It is expected to be the most consequential review since the fall of the Soviet Union in the early 1990s, and mak....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e a series of recommendations for the UK to deal with the new threat environment, both on the military front and in cyberspace. Like other NATO members, the UK has been compelled to take a closer look at its defence spending since Russia's full-scale invasion of Ukraine in February 2022. “This is a message to Moscow,” Healey told the BBC. “This is Britain standing behind, making our armed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....forces stronger but making our industrial base stronger, and this is part of our readiness to fight, if required.” US President Donald Trump has also piled pressure on NATO members to bolster their defence spending. And in recent months, European countries, led by the UK and France, have scrambled to coordinate their defense posture as Trump transforms American foreign policy, seemingly sidelin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ing Europe as he looks to end the war in Ukraine. Trump has long questioned the value of NATO and complained that the US provides security to European countries that don't pull their weight. Healey also said Russia is “attacking the UK daily” as part of some 90,000 cyber attacks from state-linked sources that were directed at the UK's defence over the last two years. A cyber command to coun....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ter such threats is expected to be set up as part of the review. “The tensions are greater but we prepare for war in order to secure the peace,” he said. “If you're strong enough to defeat an enemy, you deter them from attacking in the first place.” While on a visit to a factory on Saturday where Storm Shadow missiles are assembled, Healey said the government would support the procuremen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t of up to 7,000 UK-built long-range weapons and that new funding will see UK munitions spending hitting six billion pounds in the coming years. “Six billion over the next five years in factories like this which allow us not just to produce the munitions that equip our forces for the future but to create the jobs in every part of the UK,” he said. Robert Jenrick, the shadow justice secretary....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... for the main opposition Conservative Party, welcomed the government's pledge to increase defense spending but said he was “sceptical” as to whether the Treasury would deliver. He called on the government to be more ambitious and raise spending to 3 per cent of national income within this parliament, which can run until 2029. “We think that 2034 is a long time to wait, given the gravity o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the situation,” he told Sky News. (AP) PY PY<BR> News - Press release - PIB....