Increased spending commitments require higher revenue, economists warn
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Britain ‘faces up to £30bn of tax rises’ to hit Nato defence target
Increased spending commitments require higher revenue, economists warn
553 words~3 min read
Increased spending commitments require higher revenue, economists warn
Increased spending commitments require higher revenue, economists warn
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Sir Keir Starmer has vowed to boost defence spending to 2.7 per cent of GDP by 2027, as Nato allies push for ‘dramatic increase’
Threat of higher burden as Starmer prepares to commit to spending 5pc of GDP on national security
Nato chief Mark Rutte wants Britain to commit more to defence. This is only possible if the Government gets to grips with…
Higher government spending and weaker income tax receipts have led to economic shortfall
The PM will join fellow Nato leaders in The Hague today after signing up to the goal of spending 3.5 per cent of GDP on defence.
IFS director Paul Johnson warned that the £30bn increase in defence spending would need to be funded by tax rises
