The UK at the moment spends round 2.3% of its gross home product (GDP) on defence, that is set to rise in Sir Keir’s plan to 2.5% by 2027. When contacted, the press workplace at 10 Downing Road stated that this could imply that defence spending would attain £79.7 billion within the yr 2027/28 fiscal yr, in comparison with £66.3 billion within the 2024/25 fiscal yr. Subsequently the distinction is £13.4 billion as Sir Keir stated.
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