UK Treasury Resists 3% Defense Spending Deadline as Ministers Finalize 10-Year Military Plan
Updated
Updated · Bloomberg · Jun 9
UK Treasury Resists 3% Defense Spending Deadline as Ministers Finalize 10-Year Military Plan
1 articles · Updated · Bloomberg · Jun 9
Summary
Days before the plan's release, the Treasury is still blocking efforts to accelerate defense spending and to lock in a firmer timetable.
Ministers are in late talks over whether to state when military spending will reach 3% of GDP in the 10-year investment plan due as soon as this week.
Britain has already pledged to hit that 3% goal in the next Parliament, which is expected to run from 2029 to 2034.
John Healey and military chiefs want the document to go further by setting a 2030 deadline, sharpening a dispute over how quickly the buildup should happen.