UK Chancellor Healey to Abandon 3 Percent Defense Spending Target
British Chancellor John Healey is expected to drop the government’s pledge to allocate 3 percent of GDP to defense spending in the upcoming national budget. The decision marks a strategic shift in fiscal priorities amid broader economic constraints and competing domestic demands.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)Sources
Healey to shelve his own defence spending target of 3% of GDP by 2030
Chancellor resigned as defence secretary in June over what he saw as inadequate ambition for military spending by Sir Keir Starmer’s government
Read full article →John Healey to duck meeting UK defence spending target in budget
Chancellor pledges ‘fiscal discipline’ as plan to spend 3% of GDP on defence by 2030 deferred until 2027 review The new chancellor, John Healey, will delay setting out when the UK will meet the target of spending 3% of GDP on defence until next year’s spending review, the Treasury has confirmed. Healey resigned as defence secretary in June under Keir Starmer’s leadership, accusing the then prime minister of being “unable” and the Treasury “unwilling” to “commit the resources that the nation n...
By Heather Stewart and Lauren Almeida
Read full article →
