Sir Keir Starmer is preparing to increase defence spending and overrule Rachel Reeves, according to reports.
According to reports, the Prime Minister is expected to make an announcement as early next week after warning “it was a “once in a generation moment” for the UK, the US and Europe to work together, The Times reports.
“It’s clear Europe must take on a greater role in Nato,” the Prime Minister said as US officials have called on Europe to take on a bigger role in the alliance.
Defence chiefs have called on the Government to increase defence spending to 2.65 per cent, while Labour is yet to set out a timetable on when it will reach the 2.5 per cent goal – Donald Trump has called on Nato nations to hit five per cent.
This comes after a leaked report from the Office for Budget Responsibility downgraded the economic UK’s forecast and wiped out the Chancellor’s near £10bn in fiscal headroom.
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Starmer to overrule Chancellor and up defence spending Sort: Newest first Oldest first February 16, 2025 8:22 amStarmer to overrule Chancellor and up defence spending
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After Donald Trump announced surprise peace talks and called for European nations to take on a larger role in Nato, Sir Keir Starmer is to announce a hike in defence spending.
Defence chiefs have called on the Government to increase defence spending to 2.65 per cent, while Labour is yet to set out a timetable on when it will reach the 2.5 per cent goal – Donald Trump has called on Nato nations to hit five per cent.
Hitting the 2.5 per cent would add £5bn to the MoD budget, The Times reports, while reaching 2.65 would cost £10bn.
This comes after a leaked report from the Office for Budget Responsibility said downgraded the economic forecast and wiped out the Chancellor near £10bn in fiscal headroom.
Away from the UK’s defence commitments, French President Emmanuel Macron is to host European leaders on Monday for crisis talks over the future of Ukraine.
Amid fears the US will pull back from supporting Ukraine, Volodymyr Zelensky, called for the creation of a European army at the Munich Security Conference on Saturday.
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