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...John Healey, Labour shadow defence secretary, said: “As Keir Starmer recently set out, Labour wants to see a fully funded plan to reach 2.5 per cent, but the Tories have shown time and time again that they...
...The UK government has pledged this week to increase defence spending from about 2.3 per cent to 2.5 per cent of national income....
...John Williams, a voting member of the Fed’s policymaking committee, said he expected inflation “to continue its gradual return to 2 per cent, although there will likely be bumps along the way”....
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...UK defence spending is currently just under 2.3 per cent of GDP once military aid to Ukraine is included and the government has said it will only increase to 2.5 per cent “if fiscal and economic circumstances...
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...But the government’s oft-repeated position that it would only increase defence spending from 2.2 to 2.5 per cent of gross domestic product when “economic conditions allow” appears to rule out that option...
...The government estimates that getting military spending to 2.5 per cent of gross domestic product from its current baseline of 2.3 per cent of GDP will cost an extra £4.5bn a year by 2028-29....
...“We assess that he takes our Article 5 commitment seriously and does not want to go to war with Nato,” said one senior US defence official....
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...its defence budget to 2 per cent by 2027....
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