Daily Market Updates: UK Treasury has not analyzed trade-offs to reach NATO 3.5% spending

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UK Treasury has not analyzed trade-offs to reach NATO 3.5% spending

Reported · Written up by our desk · Europe

The Guardian Economics reports the UK Treasury has carried out no analysis of the trade-offs needed for the UK to reach its NATO pledge to spend 3.5% of GDP on defence.

The outlet says MPs questioned the Treasury and defence committees jointly, and the department’s chief secretary said the decision on how to deliver the spending promise would be for the next prime minister.

Sources

Guardian EconomicsUK Treasury yet to do due diligence on finding extra money for defence

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UK Treasury has not analyzed trade-offs to reach NATO 3.5% spending

Sources

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