LONDON, March 26 (Xinhua) -- The British government announced an additional 2.2 billion British pounds (2.83 billion U.S. dollars) in its defense budget in 2025-2026, raising defense spending to 2.36 percent of the gross domestic product (GDP) next year.
In her Spring Statement in the House of Commons on Wednesday, British Chancellor of the Exchequer Rachel Reeves said the government would invest more in naval ships, military welfare, emerging defense technologies, and military infrastructure.
British Prime Minister Keir Starmer in February announced an increase in defense spending to reach 2.5 percent of the GDP by April 2027. ■
