Prime Minister Sir Keir Starmer has pledged to meet a new Nato target to spend 5% of the UK’s GDP on national security by 2035. At a Nato summit in the Netherlands, 32 member countries including the UK are expected to agree the 5% goal, with 3.5% to go on core defence and the remaining...
There is “no doubt” that UK defence spending will rise to 3% of GDP by 2034 at the latest, Defence Secretary John Healey has said. A source told the BBC this was Healey’s opinion, not a new commitment. His comment comes as the government prepares to unveil its strategic defence review which will outline priorities...
Talk about a tariff last hurrah. America rushed to import goods in the first quarter of 2025 in advance of Donald Trump’s “Liberation Day,” and that was enough to put the economy into negative territory. Today’s GDP report shows the Q1 result at an annualized -0.3% rate of growth, but the import data buried otherwise...