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Rishi Sunak’s plans to increase defense spending criticized in Britain – Rossiyskaya Gazeta

Date: July 12, 2024 Time: 18:32:41

“We will increase defense spending to a new base of 2.5 percent of GDP by 2030. This starts today and will continue to rise every year,” Sunak said at a news conference in Warsaw, Reuters reported.

According to the British chief of staff, London will invest £75 billion (about $93.3 billion) in defense over the next six years, eventually making the United Kingdom the second largest military power in NATO.

At the same time, Rishi Sunak promised that the increase in the defense budget line would not lead to a reduction in other government spending. In particular, the government will continue its policy of reducing the tax burden on the population. However, British economists have a different point of view on this, writes The Guardian. Experts, in particular, argue that an increase in military spending will inevitably lead to a decrease in spending for other purposes.

Responding to this criticism, Rishi Sunak said that all governance is about setting priorities. “I decided to make defense a priority because I believe it is the right thing to do for our country,” he said.

At the same time, the British Prime Minister assured that the costs of school education and medicine will not be affected. Part of the funds will be obtained by reducing the bloated apparatus of British civil servants in recent years. The foreign press writes that personnel will have to be cut by 72 thousand positions.

At the same time, experts reacted with skepticism to Rishi Sunak’s words. The Prime Minister’s target of reaching 2.5 per cent of GDP in defense spending will only be achieved in 2030-2031, which is outside the official budget forecasts. This means the Cabinet will need to find an extra £2.5bn a year between 2028 and 2029.

Institute for Fiscal Studies director Paul Johnson called the government’s figures unclear and misleading, and suggestions of increased defense spending exaggerated. Rishi Sunak’s plans may remain personal fantasies if Labor wins the next parliamentary election, which will be held in January 2025.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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