Headlines
UK finance minister to call for defence spending cooperation at EU meeting
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
UK finance minister Rachel Reeves urges EU cooperation on defence spending to boost security, aiming for a defence industrial superpower status.
LONDON (Reuters) - British finance minister Rachel Reeves will call on her European Union counterparts on Friday to work more closely with Britain on defence financing in order to boost economic and national security.
Reeves will hold talks at the informal ECOFIN meeting of EU finance ministers in Warsaw, where she will argue for greater UK-EU cooperation on defence following Britain's move to increase annual defence spending to 2.5% of GDP by 2027.
Reeves said last month she wanted Britain to become a "defence industrial superpower" as she pumped an extra 2.2 billion pounds ($2.85 billion) into the sector, with a focus on new technology and innovation to drive the industry.
($1 = 0.7718 pounds)
(Reporting by Sachin Ravikumar; Editing by Alex Richardson)
The main topic is the UK finance minister's call for EU cooperation on defence spending to enhance economic and national security.
The UK aims to become a 'defence industrial superpower' and plans to increase defence spending to 2.5% of GDP by 2027.
The ECOFIN meeting is an informal gathering of EU finance ministers where economic and financial matters are discussed.
Explore more articles in the Headlines category
