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UK Considers Tax Hike for £15-18bn Defence Gap

5/31/2026

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Story summary
  • NATO’s officer warned, citing Admiral Giuseppe Cavo Dragone, that targets do not deter threats and that the UK and allies must turn spending pledges into weapons.
  • The UK government is weighing tax increases to fund a £15-£18 billion defence plan to hit the 3.5 percent GDP target by 2035.
  • Industry representatives warned that delays in publishing the plan could force firms to seek funding, risking job losses and a £13 billion defence shortfall.