The United Kingdom to increase defense costs and reduce the budget for help, says Starmer | Business and Economics News

The announcement of British Prime Minister Cire Starmer comes before his trip to the United States later this week.

The United Kingdom will increase its annual protective costs to 2.5 percent of GDP by 2027, Prime Minister Kyer Starmer said, signaling the United Kingdom's efforts to strengthen Europe securityS

On the eve of his departure to meet with US President Donald Trump in Washington, Starmer told the British Parliament on Tuesday that he presents the increase to offer Europe more support, as the United States negotiating with Russia for its war in Ukraine S

He noted that the increase would see the United Kingdom spent 13.4 billion pounds ($ 17 billion) more on defense each year since 2027. The United Kingdom Ministry of Defense noted that the country had spent £ 53.9 billion (68, 68, 68, $ 3 billion) in 2023-2024 financial year.

“We have to go even further. I have long argued that … all European allies need to activate and do more for their own defense, “Starmer added.

He said the increase in defense costs would be paid by a 40 percent reduction in international care costs in the country.

The international aid budget will be reduced by 0.5 percent to 0.3 percent of gross domestic product (GDP) in 2027, Starmer said.

The British Prime Minister said he was not pleased to announce a reduction in the country's assistance budget, but said this move was needed to offer support to Ukraine and Europe in the New Age.

The United Kingdom last reduced its budget for help in November 2020, during the economic crisis as a result of the Covid pandemic, reducing the level to 0.5 percent of GDP by 0.7 percent before.

Starmer will meet Trump later this week and is eager to betray that the United Kingdom will try to lead other European countries in offering more support to the US-led military alliance that Trump has repeatedly assumed, assuming, assuming that the nations must consume 5 percent of GDP.

He also hopes to reassure Trump that Europe will secure Support and security guarantee Kiev if the peace talks with Russia are successful.

On Monday, French President Emmanuel Macron met the same purpose in the mind.

“I am also here after discussions with all my colleagues to say that Europe is ready to activate to be a stronger partner, to do more in defense and security for its continent and … to be engaged in trade, The economy and investment, “Macron told Washington reporters.

Trump's pursuit of negotiations between senior American and Russian diplomats without the involvement of Ukrainian or European leaders has increased tensions, with a question calling Washington's commitment to his security.

Trump, who took office on January 20, said on Monday that “much progress has been made so far” about the efforts to end the war of Russia in UkraineS

At a press conference with Macron later on Monday on Monday, US President said he was “pleased that President Macron agrees that the price and weight to secure peace should be borne by the peoples of Europe, not by the United States alone “.

“Europe has to take on this central role in providing Ukraine's long -term security they want to do.”