The UK’s defense industry will be transferred to a military footing.
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Prime Minister Rishi Sunak announced this on April 23. Consequently, the country plans to invest an additional $93 billion. in defense by 2030.
One of the main lessons of the war in Ukraine is that we need deeper stockpiles of ammunition and industry must be able to replenish them faster, Sunak said at a press conference in Poland along with NATO Secretary General Stoltenberg, as quoted by Reuters.
Defense Express explained what these “war rails” mean. Boris Johnson has already made a similar promise, writes The Guardian.
The British government wants to allocate $12 billion. for ammunition, create a defense innovation agency and develop new weapons.
Defense spending should increase to 2.5% of GDP by 2030. Currently they reach 2.32%. The publication writes that this correlates relatively little with statements about war tracks, although in monetary terms it will indeed allow additional billions to be channeled into defense.
Defense Express also notes that during the Cold War, the UK spent almost 5% on defense. That is, the planned figures of 2.5% are only an actual return to the level of the 2000s.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.