PM announces aid budget cut to boost defence spending
Video Credit: ODN - Duration: 01:51s - Published
PM announces aid budget cut to boost defence spending
Prime Minister Sir Keir Starmer announces that defence spending will increase to 2.5% of gross domestic product by 2027.
To accomodate for this, Starmer says the foreign aid budget will be cut from 0.5% of gross national income to 0.3% by 2027; a change he says he is "not happy to make".
Report by Faragt.
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Sir Keir Starmer says a stabilised economy has allowed the government to reinstate most winter fuel payments. Nine million pensioners in England and Wales will now receive support this winter after a £1.25bn U-turn. The Prime Minister denied the move was a response to backlash, insisting it followed a reassessment of the country’s financial position. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Government has pledged £5 million for a renovation project in memory of the three young girls murdered in Southport. Sir Keir Starmer and Angela Rayner met the parents of Elsie Dot Stancombe, Alice da Silva Aguiar and Bebe King in Downing Street on Tuesday. The Town Hall gardens in Southport will be renovated in their memory, a project the families have said is “rooted in love, resilience and unity”. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer promised there would be no more “dithering” about backing nuclear power as the Government committed to the Sizewell C plant. The prime minister said the “change of mindset” would help free the UK from reliance on international fossil fuel markets and prevent price spikes such as those in the wake of Vladimir Putin’s invasion of Ukraine. Speaking at a college in Ipswich, Sir Keir said: “No more dithering, no more delay, no more being unclear about what we’re going to do, a real statement of intent as we go forward.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch welcomed the winter fuel payment U-turn, insisting it should have happened sooner. Speaking on Monday, the Conservative party leader said: "I'm glad the government has finally done this but what took them so long? I asked Keir Starmer six times at the despatch box at PMQ's why he was doing this and that he needed to reverse it."
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Sir Keir Starmer welcomed Nato Secretary General Mark Rutte to Downing Street on Monday as pressure continues to mount on the Prime Minister to hike defence spending. The visit comes after Mr Rutte's visit to Yorkshire earlier in the day with Defence Secretary John Healey. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Emperor penguins, the largest of their kind, are facing a growing threat as shrinking sea ice puts their future at risk. The birds rely on stable ice for up to eight months to raise their chicks, but as the Southern Ocean warms, that vital platform is melting too quickly. Scientists are alarmed by satellite data, which shows a sharp decline in colony numbers, with some areas disappearing twice as fast as predicted just seven years ago. Storms, changing weather and predators like orca whales are also contributing to their decline. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Marks & Spencer has partially restored online shopping after a ransomware attack in April. A limited range of fashion items are now available for delivery in parts of the UK. Cyber expert Graham Cluely says rebuilding systems takes time and security checks are crucial to ensure hackers are gone. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
King Charles received a huge applause as he arrived at Lancaster Castle on Monday. His Majesty met with local business representatives and attended a reception with a wide range of community organisations during the visit.
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Anneliese Dodds has resigned as international development minister over the decision to cut overseas aid to fund a boost to defence spending. Deputy prime minister Angela Rayner reacted as the news..
Conservative leader Kemi Badenoch says UK defence spending should go beyond a target of 2.5 per cent of GDP by 2030, suggesting "short-term repurposing" of some of the 0.5% dedicated to development..
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