John Healey insists he is '100 percent' committed to defence after shelving his own target

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John Healey insists he is '100 percent' committed to defence after shelving his own target

TL;DR

  • Chancellor John Healey reaffirms his commitment to defence spending.
  • He has delayed his personal target of 3 per cent of GDP for defence spending.
  • A new target of 3.5 per cent of GDP will be set for 2035.
  • The government faces a £5 billion funding hole that will require 'difficult decisions' in the next budget.
  • Global threats, including cyberattacks and invasion, are increasing.
  • Britain faces pressure from the US to increase defence spending.
  • Healey's previous stance on the 3 per cent target has drawn criticism.
  • The current spending plans only reach 2.7 per cent by 2030.