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<p>The mounting threats we face mean we must invest in defence if we are to continue
to defend our values, freedoms and prosperity. To rise to the challenge in this more
divided world, the Prime Minister’s announcement [last week], to increase defence
spending to 2.5% of GDP by the end of the decade, marks the single greatest strengthening
of our defence since the Cold War.</p><p> </p><p>This sets a new standard for other
major European NATO economies to follow. If all NATO countries committed to at least
2.5% of their GDP to defence, our collective budget would increase by more than £140
billion. Now is the time for all democratic nations across the world to ensure their
defence spending is growing, and we will continue to make the case with our NATO Allies.</p><p>
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