Defense spending

British military secretly planning budget cuts, despite NATO spending pledge

Britain’s armed forces are secretly preparing for further budget cuts, despite government pledges to meet NATO’s symbolic target of spending two percent of gross domestic product (GDP) on defense.

A senior source told the Telegraph the military faces “very tough” savings to meet the new spending commitments.

The fall in the value of the pound sterling against the dollar has also impacted Britain’s military budget, making orders placed with American arms firms significantly more expensive.

Former Prime Minister David Cameron promised to increase the defense budget in line with NATO’s minimum spending recommendations in July.