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ITV News published this video item, entitled “Boris Johnson promises to boost UK defence spending to 2.5% of GDP by end of decade | ITV News” – below is their description.
The UK will boost its military spending by a further £55 billion over the next decade, Boris Johnson has promised, as he and Nato allies seek to mitigate the threat posed by Vladimir Putin’s Russia.
The PM eased a brewing row in his Cabinet with the commitment to increase defence spending to 2.5% of gross domestic product after public lobbying from Defence Secretary Ben Wallace and Foreign Secretary Liz Truss.
The pledge to hit that target by the start or 2030 could amount to an extra £55.1 billion cumulatively over the rest of the decade – keeping the UK in line with its promise to Nato to spend 2.5% of GPD on defence.
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About This Source - ITV News
ITV News is the branding of news programmes on the British television network ITV. Independent Television News (ITN) was founded to provide news bulletins for the network in 1955, and has since continued to produce all news programmes on ITV.
ITV (LSE: ITV) is a broadcasting company which was formed from a merger of Granada plc and Carlton Communications in 2004. It holds Channel 3 broadcasting licences in England, Wales, Southern Scotland and the Isle of Man.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.