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Bet on defense: British Prime Minister cuts humanitarian aid budget

Février, 25 2025
watermark Economic news

British Prime Minister Keir Starmer intends to redistribute public funds by reducing international aid funding in order to increase defense spending. According to his plans, the share of military spending in GDP will be increased to 2.5%, which shows a significant increase compared to current figures.


The mention of these intentions appeared on the social network X. However, details regarding the scale of budget cuts to aid to foreign countries or the exact directions where additional funds will be allocated have not yet been disclosed.


This decision is being made in the context of increasing global tensions, which underscores the need to strengthen the country's defense potential. At the same time, such a reduction in international aid costs may affect Britain's foreign policy commitments and affect its relations with other states.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.