British Defense Spending to Rise by More than 1 Billion Pounds

Britain will increase defense spending by more than 1 billion pounds ($1.21 billion) to avoid a real-terms cut over the next two years, the Telegraph newspaper reported on Saturday.

Finance Minister Jeremy Hunt is expected to announce the increase in his budget in the spring, it said, Reuters reported.

The newspaper said military experts estimate that the Ministry of Defense budget in 2024/25 must rise to 50.1 billion pounds from 48.6 billion to avoid a real-terms cut as inflation remains above 10%.