UK's Financial Commitment to Defense and Ukraine Boosted by Billions

Rachel Reeves, the British finance minister, announced an increase of 2.9 billion pounds for the defense ministry. She pledged ongoing annual support of 3 billion pounds for Ukraine. These allocations aim to meet NATO spending goals and support the G7's aid strategies for Ukraine.

In a groundbreaking announcement, British finance minister Rachel Reeves disclosed plans to inject an additional 2.9 billion pounds into the defense ministry by next year.

Reeves committed to an ongoing annual financial support package of 3 billion pounds for Ukraine, reinforcing UK's firm stance against Russian aggression.

This increase in spending is part of Britain's strategic goal to allocate 2.5% of its GDP to defense, thereby exceeding NATO's 2% benchmark commitment.

(With inputs from agencies.)