Latest news with #Healey
ITV News
3 hours ago
- Business
- ITV News
‘No doubt' UK will spend 3% of GDP on defence by mid-2030s, Healey says
Defence spending at 3% of GDP by 2034 is a firm commitment, John Healey has said. The Government has previously set out its 'ambition to reach 3% in the next parliament', after meeting its pledge to ratchet up defence spending to 2.5% of GDP by April 2027. But the Defence Secretary has promised a 'certain decade of rising defence spending', according to The Times, and said there was 'no doubt' the UK would meet its target. Mr Healey told the newspaper: 'It allows us to plan for the long term. It allows us to deal with the pressures.' The Government is looking at the roles, capabilities and reforms required by UK armed forces as part of its strategic defence review (SDR). It will explore 'deliverable and affordable' solutions 'within the resources available to defence within the trajectory of 2.5%'. When he announced the targets earlier this year, Prime Minister Sir Keir Starmer said: 'In an ever more dangerous world, increasing the resilience of our country so we can protect the British people, resist future shocks and bolster British interests, is vital.' The new defence money will be found by reducing UK overseas aid from 0.5% to 0.3% of GNI (gross national income), according to the Government, a move which prompted then-international development minister Anneliese Dodds to resign. 'You have maintained that you want to continue support for Gaza, Sudan and Ukraine; for vaccination; for climate; and for rules-based systems,' she told Sir Keir. 'Yet it will be impossible to maintain these priorities given the depth of the cut.' Nato heads of government are set to meet in The Hague, in the Netherlands, next month. Addressing the alliance's parliamentary assembly in Dayton, USA this month, Nato secretary-general Mark Rutte said: 'I assume that in The Hague we will agree on a high defence spend target of, in total, 5%.' A Ministry of Defence spokesperson said: 'This Government has announced the largest sustained increase to defence spending since the end of the Cold War – 2.5% by 2027 and 3% in the next parliament when fiscal and economic conditions allow, including an extra £5 billion this financial year. 'The SDR will rightly set the vision for how that uplift will be spent, including new capabilities to put us at the leading edge of innovation in Nato, investment in our people and making defence an engine for growth across the UK – making Britain more secure at home and strong abroad.'
South Wales Guardian
9 hours ago
- Business
- South Wales Guardian
‘No doubt' UK will spend 3% of GDP on defence by mid-2030s, Healey says
The Government has previously set out its 'ambition to reach 3% in the next parliament', after meeting its pledge to ratchet up defence spending to 2.5% of GDP by April 2027. But the Defence Secretary has promised a 'certain decade of rising defence spending', according to The Times, and said there was 'no doubt' the UK would meet its target. Mr Healey told the newspaper: 'It allows us to plan for the long term. It allows us to deal with the pressures.' The Government is looking at the roles, capabilities and reforms required by UK armed forces as part of its strategic defence review (SDR). It will explore 'deliverable and affordable' solutions 'within the resources available to defence within the trajectory of 2.5%'. When he announced the targets earlier this year, Prime Minister Sir Keir Starmer said: 'In an ever more dangerous world, increasing the resilience of our country so we can protect the British people, resist future shocks and bolster British interests, is vital.' The new defence money will be found by reducing UK overseas aid from 0.5% to 0.3% of GNI (gross national income), according to the Government, a move which prompted then-international development minister Anneliese Dodds to resign. 'You have maintained that you want to continue support for Gaza, Sudan and Ukraine; for vaccination; for climate; and for rules-based systems,' she told Sir Keir. 'Yet it will be impossible to maintain these priorities given the depth of the cut.' Nato heads of government are set to meet in The Hague, in the Netherlands, next month. Addressing the alliance's parliamentary assembly in Dayton, USA this month, Nato secretary-general Mark Rutte said: 'I assume that in The Hague we will agree on a high defence spend target of, in total, 5%.' A Ministry of Defence spokesperson said: 'This Government has announced the largest sustained increase to defence spending since the end of the Cold War – 2.5% by 2027 and 3% in the next parliament when fiscal and economic conditions allow, including an extra £5 billion this financial year. 'The SDR will rightly set the vision for how that uplift will be spent, including new capabilities to put us at the leading edge of innovation in Nato, investment in our people and making defence an engine for growth across the UK – making Britain more secure at home and strong abroad.'
Yahoo
10 hours ago
- Business
- Yahoo
State House Spotlight: Money matters
BOSTON (WWLP) – Early in the week, private attorneys who defend the poor–known as bar advocates–announced at the State House that they will no longer be taking on new cases until their pay is raised to match what attorney's make in neighboring states. 'The right to counsel, which is in the US constitution and the Massachusetts declaration of rights will only be words,' said Lowell-based attorney Sean Delaney. Meanwhile, Governor Healey announced that her administration will be cutting down on regulations to make it easier to own and operate a profitable business in the Bay State. 'Just getting their way through the red tape is something that really takes the owner of that small business' eye off the ball of serving their customers,' said President and CEO of the Retailers Association of Massachusetts Jon Hurst. These business regulations come as Massachusetts leaders are voicing their rising fears about federal policy changes. As Trump's 'big beautiful bill' passed the House and moved on to the Senate, the Governor joined Congress people to sound the alarm. 'These guys are actually out there making history by taking away from hardworking families, from people down on their luck, from seniors, from little babies,' said Senator Elizabeth Warren. Movement from the Senate on the 'big beautiful bill' is expected by July 4th. Back on Beacon Hill, the House and Senate will be busy working on their combined version of the state budget, at least until the end of June. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Belfast Telegraph
12 hours ago
- Business
- Belfast Telegraph
‘No doubt' UK will spend 3% of GDP on defence by mid-2030s, Healey says
The Government has previously set out its 'ambition to reach 3% in the next parliament', after meeting its pledge to ratchet up defence spending to 2.5% of GDP by April 2027. But the Defence Secretary has promised a 'certain decade of rising defence spending', according to The Times, and said there was 'no doubt' the UK would meet its target. Mr Healey told the newspaper: 'It allows us to plan for the long term. It allows us to deal with the pressures.' The Government is looking at the roles, capabilities and reforms required by UK armed forces as part of its strategic defence review (SDR). It will explore 'deliverable and affordable' solutions 'within the resources available to defence within the trajectory of 2.5%'. When he announced the targets earlier this year, Prime Minister Sir Keir Starmer said: 'In an ever more dangerous world, increasing the resilience of our country so we can protect the British people, resist future shocks and bolster British interests, is vital.' The new defence money will be found by reducing UK overseas aid from 0.5% to 0.3% of GNI (gross national income), according to the Government, a move which prompted then-international development minister Anneliese Dodds to resign. 'You have maintained that you want to continue support for Gaza, Sudan and Ukraine; for vaccination; for climate; and for rules-based systems,' she told Sir Keir. 'Yet it will be impossible to maintain these priorities given the depth of the cut.' Nato heads of government are set to meet in The Hague, in the Netherlands, next month. Addressing the alliance's parliamentary assembly in Dayton, USA this month, Nato secretary-general Mark Rutte said: 'I assume that in The Hague we will agree on a high defence spend target of, in total, 5%.' A Ministry of Defence spokesperson said: 'This Government has announced the largest sustained increase to defence spending since the end of the Cold War – 2.5% by 2027 and 3% in the next parliament when fiscal and economic conditions allow, including an extra £5 billion this financial year. 'The SDR will rightly set the vision for how that uplift will be spent, including new capabilities to put us at the leading edge of innovation in Nato, investment in our people and making defence an engine for growth across the UK – making Britain more secure at home and strong abroad.'
North Wales Chronicle
13 hours ago
- Business
- North Wales Chronicle
‘No doubt' UK will spend 3% of GDP on defence by mid-2030s, Healey says
The Government has previously set out its 'ambition to reach 3% in the next parliament', after meeting its pledge to ratchet up defence spending to 2.5% of GDP by April 2027. But the Defence Secretary has promised a 'certain decade of rising defence spending', according to The Times, and said there was 'no doubt' the UK would meet its target. Mr Healey told the newspaper: 'It allows us to plan for the long term. It allows us to deal with the pressures.' The Government is looking at the roles, capabilities and reforms required by UK armed forces as part of its strategic defence review (SDR). It will explore 'deliverable and affordable' solutions 'within the resources available to defence within the trajectory of 2.5%'. When he announced the targets earlier this year, Prime Minister Sir Keir Starmer said: 'In an ever more dangerous world, increasing the resilience of our country so we can protect the British people, resist future shocks and bolster British interests, is vital.' The new defence money will be found by reducing UK overseas aid from 0.5% to 0.3% of GNI (gross national income), according to the Government, a move which prompted then-international development minister Anneliese Dodds to resign. 'You have maintained that you want to continue support for Gaza, Sudan and Ukraine; for vaccination; for climate; and for rules-based systems,' she told Sir Keir. 'Yet it will be impossible to maintain these priorities given the depth of the cut.' Nato heads of government are set to meet in The Hague, in the Netherlands, next month. Addressing the alliance's parliamentary assembly in Dayton, USA this month, Nato secretary-general Mark Rutte said: 'I assume that in The Hague we will agree on a high defence spend target of, in total, 5%.'
