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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...
...His government also devised the 12.5 per cent corporation tax rate, which for a quarter century helped make Dublin a mecca for global companies....
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...While European defence spending grew 4.5 per cent in 2023, to reach an average 1.6 per cent of gross domestic product, Asian countries boosted their defence budgets by 4.7 per cent to hit an average 1.8...
...The Bank of England expects UK inflation to drop from 6.7 per cent in September to “just below 5 per cent” in October, Andrew Bailey said on Thursday after the bank held interest rates unchanged at 5.25...
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...For Nato countries, it could raise questions about whether Article 5 — the principle that an attack on one member of the alliance represents an attack on all — extends beyond Earth....
...“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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