Media: UK considers reducing defense spending due to gap in budget
Other countries
- 08 August, 2024
- 05:31
The UK's Defense Ministry is considering cutting military spending after the government discovered a budget gap, according to sources, Report informs via Financial Times.
The Defense Ministry has requested reports from military-industrial complex enterprises on possible budget reduction methods due to the country’s financial difficulties.
The publication highlighted that this decision could result in delays for some military contracts.
Previously, Secretary of State for Defense John Healey advocated for increasing military spending to 2.5% of GDP (currently about 2.3% of GDP). However, he did not detail how London plans to achieve this goal.
Latest News
21:49
Netanyahu says Spain wages diplomatic war against Israel
Other countries21:32
Photo
bp to support educational initiatives in Nakhchivan
Education and science21:27
Trump: Negotiations - only reason Iranians still alive
Other countries21:11
Trump: Iran promises to give up nuclear weapons, but publicly claims otherwise
Other countries20:53
19 killed, including 12 security personnel, in Israeli airstrikes on Lebanon
Other countries20:35
Trump again warns of fresh strikes if Iran talks fail
Other countries20:18
Ghalibaf: US failed to implement 2 points of deal before talks
Other countries19:57
US negotiators to ask Iran to release detained Americans
Other countries19:38