
Defense Spending Targets Set | Belfast News
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Defense spending is set to surge as Chancellor John Healey, who previously pushed for ambitious targets, will unveil a new plan to hit 3% of GDP next year and climb to 3.5% by 2035 — a move the Prime Minister insists is non-negotiable and directly tied to honoring international commitments. Despite earlier doubts about Healey backing off his stance, the PM reaffirmed his confidence in the chancellor’s defense priorities, emphasizing that full details will emerge at next year’s spending review. Current projections aim for 2.7% by 2027-28, but the roadmap beyond that remains unclear — with Treasury confirming all specifics will be revealed then.
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