Report
UK budget on October 28, 2026, expected to boost defense spending
POLITICO reports Chancellor John Healey faces a £4.7 billion defense funding gap and NATO’s 3.5%-of-GDP target for 2035.
TLDR
POLITICO reports Chancellor John Healey is set to increase defense spending in his October 28 budget, with a £4.7 billion funding gap to fill. Two government officials told POLITICO that a path to NATO’s 3.5%-of-GDP target by 2035 will come in next year’s spending review, not this budget. Channel 4 News says billions of pounds in new spending are widely expected.
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