Reeves says Europe must follow UK’s lead and ‘step up’ defence spending

Rachel Reeves is calling on European allies to follow the UK’s lead in increasing defence spending to 2.5 percent of GDP in the next two years, with further increases planned after the next election. The move comes in response to Russian aggression, with the chancellor emphasizing the importance of security and defence for European economies during the G20 summit in South Africa. Keir Starmer’s pledge to boost defence spending to 3 percent precedes his meeting with US president Donald Trump, who is pressuring European allies in Nato to increase their share of defence costs.

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