GBP/USD 1.357 EUR/GBP 0.843 GBP/JPY 194.867 EUR/USD 1.144 GBP/AUD 2.085 USD/JPY 143.591 USD/CAD 1.367 AUD/USD 0.651 CAD/JPY 105.070 EUR/CAD 1.564 GBP/CAD 1.855 AUD/CAD 0.890 AUD/JPY 93.472 AUD/NZD 1.078 EUR/AUD 1.758 GBP/USD 1.357 EUR/GBP 0.843 GBP/JPY 194.867 EUR/USD 1.144 GBP/AUD 2.085 USD/JPY 143.591 USD/CAD 1.367 AUD/USD 0.651 CAD/JPY 105.070 EUR/CAD 1.564 GBP/CAD 1.855 AUD/CAD 0.890 AUD/JPY 93.472 AUD/NZD 1.078 EUR/AUD 1.758
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City A.M. • Jun 03, 2025

Nato to pressure UK to spend 3.5 per cent on defence

The UK is expected to increase its defence budget to 3.5 percent of GDP by 2035 under NATO's new guidelines, significantly raising government military expenditures beyond current p...

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City A.M. • Jun 02, 2025

Starmer’s defence spending will mean ‘chunky’ tax rises, warns IFS

Increasing the budget for national defense by £10-15 billion annually is expected to lead to substantial tax increases, as higher expenditures also coincide with growing costs in h...

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City A.M. • Jun 02, 2025

Starmer refuses to commit 3 per cent defence spending despite ‘battle-ready’ claim

The Prime Minister’s proposal to allocate 2.5 percent of GDP to defence marks a significant investment, though it falls short of the 3 percent target some critics believe is necess...

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City A.M. • Jun 02, 2025

Keir Starmer defends uncertainty over defence spending target

The delay in specifying a timeline for reaching the planned defence expenditure highlights ongoing budgetary challenges and may impact future allocation of resources within the UK’...

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City A.M. • Jun 01, 2025

Reeves’ spending review ‘natural point’ to boost defence -IFS

The forthcoming fiscal assessment offers an opportunity to increase military funding, as analysts highlight that healthcare and defense budgets will be central to the Chancellor’s...

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City A.M. • May 31, 2025

‘No doubt’ UK will spend three per cent of GDP on defence by mid-2030s, Healey says

The UK government has confirmed its intention to increase defence expenditure to three per cent of gross domestic product by the mid-2030s, reflecting a sustained prioritization of...

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