UK counsel

the UK Its defensive spending is strengthened to play its role to support European security and work with the United States to negotiate a new trade deal between the two ancient allies.

The UK Treasury Adviser Rachel Reeves Fox Business has told the British government’s plan to increase Defense spending It comes as part of an attempt to enhance the economy and promote the regions in the country that left behind.

“The strong defense and the strong economy are walking side by side, and I believe it strongly, and this is the industrial policy that we follow as a government,” Reeves said. “In the United Kingdom, we put the largest continuous increase in defense spending since the end of the Cold War at the present time.”

The UK government plan will witness an additional 2.2 billion pounds that are spent on defense in 2025-2026, with defensive spending increased as a percentage of GDP (GDP) to 2.5 % by 2025. This number will rise to 3 % in the next parliament, according to the government plan. In 2024, the UK spent an estimated 2.33 % of GDP on defense, according to NATO data.

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Reeves added that in an attempt to obtain more value for defensive spending in the United Kingdom, the government “uses a percentage of our defense budget to invest in new and innovative solutions, especially the technological list to better equip our armed forces.” She added that the United Kingdom encourages other European countries to follow its example by intensifying their defensive spending.

“It is extremely necessary for countries throughout Europe to increase their defensive spending and have done more to maintain Europe’s secure in the face of the increase The aggression from Russia“This is what many countries are doing all over Europe at the present time. Britain is ascending to this challenge, we are not negative in the face of the change we face. We are rising, we spend more on defense and use this money to activate, and promote parts of Britain that left behind for a long time,” Reeves said.

Last year, NATO data showed that 23 of 32 member countries, including the latest members of the coalition, Finland and Sweden, are committed to the commitment of defense spending by 2 %. This is the largest number of NATO members who meet or exceed that threshold since its establishment in 2014. NATO will issue new data on the issue before the annual summit, which is scheduled in late June.

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Reeves meets with the various Trump administration officials this week, including Treasury Secretary Scott Pessant, in an attempt to negotiate a new trade agreement between the two countries after the president Donald Trump Imposing definitions on commercial partners, including the United Kingdom

The United States and the United Kingdom started discussions on a trade agreement in May 2020 – months after Britain left the European Union – during the first period of Trump, although the deal was not achieved at that time or during the former president Joe Biden administration.

“The commercial deal is late,” Reeves said. “There is no closer partnership than a partnership between the United Kingdom and the United States, but we fully realize and understand the concerns that the United States binds with countries that manage significant trade surpluses with the United States in the United Kingdom is not one of those countries.”

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She pointed out that a large number of American and British citizens are working for companies whose headquarters is located in the opposite country, which leads to narrow economic relations that the advisor believes will help in strengthening the commercial deal.

“A million Britons work for American companies and they are very proud to do so, and a million Americans are working in British companies, and therefore our economies are closely intertwined, which is why I think there is a deal that must be done to reduce Commercial barriers Reeves said that both trends between our country are good for jobs, good for industry, and ultimately are good for consumers as well.

She said: “We are still making progress in this field. We will not push into a deal. Of course, like the UK government, we will only sign a deal if it is in the interest of our national country to do so.” “But I think a deal is present.”

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The advisor added, regardless of treatment Definitions and other commercial barriersYou see an opportunity for a closer technological partnership between the two countries.

“There is already a very close defensive and security partnership between the United Kingdom and the United States – to take this to the next stage,” Reeves said. “the Scientific Foundation In both our budget is very enormous, so let’s take a look at how to create a technological partnership on the same basis that we have a security and defensive partnership. “