Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

World News

UK announces increase in defense spending and cut in foreign aid ahead of PM Starmer’s meeting with Trump

by February 25, 2025
February 25, 2025
UK announces increase in defense spending and cut in foreign aid ahead of PM Starmer’s meeting with Trump

Britain will accelerate an increase to its defense spending, Prime Minister Keir Starmer announced Tuesday, on the eve of a crucial visit to meet US President Donald Trump in Washington.

Starmer said he will raise military spending from 2.3% of Britain’s GDP to 2.5% by 2027, and then again to 2.6% the following year, as a rift opens up between Trump and Europe over the future of the war in Ukraine.

“We must reject any false choice between our allies. Between one side of the Atlantic or the other. That is against our history, country and party,” Starmer told members of parliament. He called Britain’s relationship with America his country’s “most important bilateral alliance,” and said: “This week when I meet President Trump, I will be clear: I want this relationship to go from strength to strength.”

Starmer also set an ambition to hike defense spending to 3% in the next parliament, which will begin in 2029 at the latest, after the next general election. That final target would depend on the fiscal conditions at the time, Starmer said. Trump has urged NATO countries to raise their defense spending to 5% and made clear that the US will not work to maintain Europe’s security in the future.

“This government will begin the biggest sustained increase in defense spending since the end of the Cold War,” Starmer told parliament as he laid out the plans.

The increase will be funded in part through a cut to international development spending, which will now fall from 0.5% of Britain’s GDP to 0.3% in the coming years, Starmer said. “That is not an announcement I am happy to make,” he said, adding the defense increase “can only be funded through hard choices.”

Charities who will be affected by the cuts to international development spending said that they were “shocked” and “stunned” by Starmer’s decision.

WaterAid, a charity focused on providing clean water and water systems to those in need, called the move a “cruel betrayal of people living in poverty globally.”

The CEO of Save The Children UK, Moazzam Malik, said in a statement that the cuts will “make the world a more dangerous place for children now and in the future.”

And the co-CEO of ActionAid UK, a charity working with women and girls living in poverty, called the cuts “reckless,” writing in a statement that “there is no justification for abandoning the world’s most marginalized time and time again to navigate geopolitical developments.”

“This is a political choice — one with devastating consequences,” Hannah Bond said.

Britain’s previous Conservative government set a goal to reach the 2.5% target on defense spending by 2030. After winning a general election last year, Starmer maintained the goal, but refused to set a timeline on when it would be achieved.

“Courage is what our own era now demands of us,” Starmer told MPs as he announced the new timeframe.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
New bill threatens to cripple ‘judicial tyranny’ from derailing Trump’s agenda at every turn
next post
JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency

You may also like

UK police arrest man for arson after fire...

May 14, 2025

Zelensky describes Oval Office meeting as ‘regrettable,’ says...

March 4, 2025

Woman accused of killing in-laws with toxic mushrooms...

June 2, 2025

UN says more than 700 killed in just...

February 1, 2025

Rail accident kills 12 in western India after...

January 23, 2025

Abortion access is dwindling in Milei’s Argentina, three years...

October 30, 2024

‘Narco sub’ bound for Australia seized in massive...

November 28, 2024

Italy’s deputy prime minister found not guilty of...

December 20, 2024

Iran’s jailed Nobel laureate Narges Mohammadi allowed to...

December 4, 2024

North Korea’s Kim Jong Un threatens to destroy...

October 4, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • President Donald Trump commutes former New York GOP Rep. George Santos’ prison sentence

      October 17, 2025
    • ‘Democrat shutdown’ will next jeopardize US nuclear stockpile with imminent furloughs: White House

      October 17, 2025
    • Supreme Court sets date to hear FTC Slaughter case in test of Trump’s firing powers

      October 17, 2025
    • ‘Time for a change’: Outside 30 Rock, New Yorkers trade chants and arguments during tense mayoral showdown

      October 17, 2025
    • Andrea Bocelli gives Trump impromptu Oval Office performance during White House visit

      October 17, 2025
    • Giorgio Armani group names longtime executive Giuseppe Marsocci as CEO

      October 17, 2025

    Categories

    • Business (814)
    • Investing (661)
    • Politics (5,986)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved