UK Announces Largest Military Spending Budget Since Cold War
Prime Minister Boris Johnson plans to expand the United Kingdom's military budget by 16.
Prime Minister Boris Johnson plans to expand the United Kingdom’s military budget by 16.5 billion pounds ($22 billion U.S. Dollars) over the next four years. The current defense budget is just under 42 billion pounds a year. The announcement follows the UK’s most extensive review of foreign policy and defense spending in the past three decades. The new budget will be the country’s biggest investment in military spending since the end of the cold war.
“The international situation is more perilous and more intensely competitive than at any time since the Cold War and Britain must be true to our history and stand alongside our allies. To achieve this, we need to upgrade our capabilities across the board,” Johnson said in a statement.
The British government expects that this increased military spending will ensure that the United Kingdom is the largest defense spender in Europe and the second largest in NATO.
The prime minister is expected to announce a new agency dedicated to artificial intelligence along with the creation of a National Cyber Force and a new “Space Command.”
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