UK Plans Hospital, School Funding Cuts to Boost Defense Budget

The UK government is planning to cut £6 billion ($8 billion) in investment for projects such as schools and hospitals over the next four years to help fund a £15 billion increase in spending on defense, according to local media reports.

Downing Street has been locked in talks with government ministers over the long-delayed Defense Investment Plan after deciding a necessary cash injection for the military should not be funded by tax hikes or higher borrowing. The additional spending is part of a commitment to lift the defense budget from 2.3% of GDP to 2.6% by 2027 and 3.5% by ...