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UK to unveil ‘largest military investment’ in three decades

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  • Post category:Europe
  • Post last modified:20/11/2020
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LONDON: Prime Minister Boris Johnson will on Thursday unveil what is being billed as Britain’s biggest programme of investment in the armed forces.
In a speech to lawmakers in parliament, Johnson will announce an extra 16.5 billion pounds ($22 billion, 18.5 billion euros) in funding over the next four years.
It follows the ruling Conservatives’ commitment in their election manifesto last year to increase defence spending by 0.5 percent above inflation until 2025.
Johnson’s Downing Street office said the cash boost would “cement the UK’s position as the largest defence spender in Europe and the second largest in NATO”.
It comes despite Britain’s economy suffering a historic downturn this year due to the coronavirus crisis, which has seen the government spend unprecedented sums to support people and businesses.
“I have taken this decision in the teeth of the pandemic because the defense of the realm must come first,” Johnson said in remarks released ahead of his speech.
“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.”
He added the new funding was “our chance to end the era of retreat” and that it would be used to “upgrade our capabilities across the board”. | YouTube Channel

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.