Chancellor Rachel Reeves has called for Europe to ramp up its defence spending and to work with the UK and other allies to protect the countries' security and prosperity.
Speaking at a meeting she was co-chairing with Polish Minister of Finance Andrzej Domański in Washington on Wednesday (23 April), Reeves' comments follow a £2.2bn funding boost to the UK's defence sector in her Spring Statement last month. Defence spending is set to increase to 2.5% of GDP by 2027, with the intention of reaching 3% in the next parliament. Reeves 'confident' of a trade deal with the US as she outlines 'non-negotiable' UK demands The government has pledged that £1 in every £10 spent by the Ministry of Defence's equipment procurement will be used on new technologies,...
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