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Keir Starmer urged to use defence spending boost to revive UK manufacturing

  • Prime Minister Keir Starmer plans to increase UK defence spending to 2.5 percent of GDP by April 2027, funded by a cut to the aid budget.
  • Rishi Sunak suggested that welfare spending should be cut to support increased defence spending, stating it is growing at a very rapid rate.
  • Russian defence spending stands at 7.1 percent of GDP, compared to Britain's 2.3 percent, with Putin's spending nearly doubling since the invasion of Ukraine.
  • Critics claim that current European efforts are insufficient to counter Russia's actions and that a peace deal might be forced upon Ukraine.
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Financial Times broke the news in London, United Kingdom on Tuesday, March 4, 2025.
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