Tue 30 Jun 2026
FTSE 100 10,606.45 +1.70%Microsoft 368.57 +0.33%NVIDIA 194.97 -6.56%Apple 281.74 -5.14%Google 351.28 +0.72%S&P 500 7,440.43 -0.43%Nasdaq 25,820.15 -1.32%Dow 52,182.74 +0.91%Russell 2000 3,010.42 +0.20%US 10Y Treasury 4.37% -2.65%Euro Stoxx 50 6,311.54 +1.56%DAX 25,013.91 +0.48%AEX-Index 1,076.66 +1.06%Nikkei 225 70,062.32 +1.28%Hang Seng 22,881.02 -1.95%Gold $4,048.70 +0.45%Silver $59.63 +2.19%Brent Crude Oil $74.15 -1.47%Natural Gas $3.23 -3.35%Copper $6.26 +3.11%GBP/USD 1.3225 +0.19%GBP/EUR 1.1599 +0.03%GBP/AUD 1.9195 +0.57%Bitcoin (USD) $59,199 -1.36%Ethereum (USD) $1,580 +0.22%FTSE 100 10,606.45 +1.70%Microsoft 368.57 +0.33%NVIDIA 194.97 -6.56%Apple 281.74 -5.14%Google 351.28 +0.72%S&P 500 7,440.43 -0.43%Nasdaq 25,820.15 -1.32%Dow 52,182.74 +0.91%Russell 2000 3,010.42 +0.20%US 10Y Treasury 4.37% -2.65%Euro Stoxx 50 6,311.54 +1.56%DAX 25,013.91 +0.48%AEX-Index 1,076.66 +1.06%Nikkei 225 70,062.32 +1.28%Hang Seng 22,881.02 -1.95%Gold $4,048.70 +0.45%Silver $59.63 +2.19%Brent Crude Oil $74.15 -1.47%Natural Gas $3.23 -3.35%Copper $6.26 +3.11%GBP/USD 1.3225 +0.19%GBP/EUR 1.1599 +0.03%GBP/AUD 1.9195 +0.57%Bitcoin (USD) $59,199 -1.36%Ethereum (USD) $1,580 +0.22%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 21°C Partly cloudyBirmingham 20°C Partly cloudyManchester 20°C Partly cloudyNewcastle 16°C Light rainBristol 20°C Light rainCardiff 17°C Light rainEdinburgh 17°C Light rain showerBelfast 16°C Light rain

UK to Invest Heavily in Defence Spending Amid Rising Threats

Advertisement
Follow News in 60 on Facebook

The UK is set to invest a record €348 billion (£300 billion) in defence over the next four years, signalling a significant shift in military strategy amid escalating global threats, particularly from Russia. This plan, announced by outgoing Prime Minister Keir Starmer, includes a £15 billion increase in the defence budget and marks the largest uplift in defence spending since the Cold War.

The new funding will prioritise advanced technologies, with over £5 billion allocated specifically for drones and autonomous systems. This investment aims to modernise the armed forces and ensure that the UK meets NATO’s target of 3.5% of GDP on defence by 2035, reflecting a broader trend of militarisation in response to geopolitical instability.

Starmer’s government faced internal dissent, with two defence ministers resigning over the spending proposals, highlighting the contentious nature of defence funding in UK politics. Critics argue this commitment is long overdue and may not adequately address the UK’s security needs.

As the UK prepares for a NATO summit, the implications of this spending will extend beyond military readiness, influencing economic security and international relations. The incoming leadership will be under pressure to adhere to these commitments as global military dynamics continue to evolve.

Source: Euronews

Read more War news →

News Category: War Tags: defence, investment, military, nato, technology

Leave a comment

Your email address will not be published. Required fields are marked *