Source: SFGate
“U.K. Prime Minister Rishi Sunak pledged Monday to increase military funding by 5 billion pounds ($6 billion) over the next two years in response to Russia’s invasion of Ukraine and ‘the epoch-defining challenge’ posed by China. The increase, part of a major update to U.K. foreign and defense [sic] policy, is less than military officials wanted. Sunak said the U.K. would increase military spending to 2.5% of gross domestic product ‘in the longer term,’ but didn’t set a date. Britain currently spends just over 2% of GDP on defense [sic], and military chiefs want it to rise to 3%. The extra money will be used, in part, to replenish Britain’s ammunition stocks, depleted from supplying Ukraine in its defense against Russia.” (03/13/23)