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Chancellor Urged to Increase Security Spending | Markets & Money News
Chancellor John Healey faces criticism for not increasing the UK's defense budget, which falls behind NATO standards as military spending dwindles. Alex Brummer highlights the alarming disparity, with the US investing ten times more. The Institute for Fiscal Studies suggests an additional £36 billion is necessary to meet NATO's 3.5% target by 2035, potentially costing households £500 each. Brummer warns that urgent action is required to enhance defenses, especially against cyber threats, amid
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